Thursday , October 17 2019
Home / argentina / Free-fall dollar: lost for the third day in a row | chronicle

Free-fall dollar: lost for the third day in a row | chronicle

The retail dollar closed the week at $ 38.80 per unit, which is 1.84% less than yesterday and 4.9% higher than the final value of the last round in October last year. ,

At the wholesale level, for its part, this Thursday it was $ 37.72, a decrease of 1.92% compared with the previous day, while over the month the US currency rose by 4.92% in this segment.

Due to the restrictions imposed on security at the G20 summit, operations of this day were reduced – only 3 hours – and the volume of trading on the cash market exceeded $ 305 million.

In the foreign exchange market, supply again prevailed with the incessant influx of foreign currency from banks, exporters and investors.

This allowed the Central Bank to absorb a significant amount of pesos – about 40,905 million US dollars and indicate a new decrease in the Leliqs interest rate on average by 60.405%.

“The wholesale dollar in the single market and free exchange (MULC) for the first hour of operations fell by more than 80 cents due to the continued foreign exchange inflows by banks, exporters and investors, which have received a response from the outside as operators give priority to placing pesos in diverse menu of assets and different periods, with still high rates ", – ABC told Mercado de Cambios in its daily report.

Finally, in the futures market, the Rofex business was completed for $ 822 million.

The majority, 65% of the total, were in contracts with maturities at the end of November and December, and the final prices were $ 37.97 and $ 39.26, respectively.

Various tranches reported losses of more than 1 dollar in the quote, accompanying the regression, confirmed in the money market.

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