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The dollar closes the fiscal year with a bearish trend



Bye for 2018 dollar doubled its value In all segments, the end of this year finds currency in little demand. The operators of the city of Buenos Aires indicate that liquidity demand in pesos Own end of the year exceeds the demand for coverage before the summer break.

The middle banks of the center of Buenos Aires offer currency $ 38.86with drop 54 cents or 1.4 percent,

Interbank dollar is inferior this Friday lack of liquidity in pesosfaced with the need to close annual positions, operators Reuters,

Impacts also high interest rates in pesos, which in the Liquidity Letters (LELIQ) of the Central Bank are still very close to 60% per year and disable currency purchase.

On the square wholesaler selling for 37.90 pesos, which reduced the depreciation of the peso to 50.79% by 2018. It means exchange rate increase of 103.2% per year,

"There is the need for scales to cover various obligationsand it was visible on the market half Thursday. Therefore, the dollar falls, "explained the currency agent.

The upcoming Monday will be a day off in Argentina, and on Tuesday the markets were closed for the New Year.


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