The dollar reaches its maximum value for nearly two months: it shoots at $ 1.40 and is approaching $ 40


When the bike is down, the dollar jumps $ 1.40 cents to $ 39.90 and touches the new high for nearly two months. In this way, the fifth consecutive rise is accumulated Banks and agencies in Buenos Aires

It is in harmony Single and Free Market Area (MULC), with currency gains of $ 1.45 $ 39.05.

On the informal market, however, the blue opera remained stable at $ 37.50 in this media study in Buenos Aires downtown caves. "Cash settled" on Friday rose to $ 1.58 to $ 37.81.

"There are a number of reasons that take into account the rise in dollar exchange rate disarmament, the impact on the end of the month and the demand for imports and large companies", operator Gustavo Quintana told this website.

According to the operator, Christian Buteler, the rise of green tickets at the domestic level corresponds to the three main problems. First, the provision of the central bank, which at the beginning of the financial year was made out of the assets that financial institutions must keep permanently in order to prevent short-term speculative capital being taken. Secondly, the "surplus wash for Lebac disarmament last week" and finally "the reduction of the Leliq course by the monetary authority".

It should be remembered that the dollar rose to $ 1.07 on Friday, which was the highest daily rise in the Sandleris era, rising nearly seven weeks after $ 38.50.

The fourth consecutive record of rising US dollar positions was due to a substantial coverage requirement per square meter of liquidity (after the Lebac offer, where BCRA annulled some $ 122,000 million) and the progressive disarmament of the funds in the funds, unlike the limited response to a partial holiday bid in the US.

As a result, the currency recorded a $ 1.50 rise on a weekly basis, which was the highest since the end of September, when the exchange rate had touched a historic $ 41.94.

The wholesale price rose by $ 546 million to $ 1.10 to $ 37.60, which is the most important daily increase in nearly two months. That is, a $ 1.67 increase this week.

Despite the strong rise in the exchange rate, the central bank chose Leliq's 61.405 percent annual rate (61.699 per cent) of the daily auctions. It received a lower amount of $ 134.844 million and released some $ 48.700 million in the market. It should be noted that Leliq's term was stretched from 7 to 10 days next Friday, when the Bank was set up for the G20 summit.

Although the central bank and the Treasury are accepting high interest rates, investors will start investing in dollars (returning betting or betting on economic bicycles) in a gradual downturn, near the end of the year, and in an uncertain future, a politician in the 2019 presidential election.

BCRA dropped tune to the triggered dollar, which increases this month by 4.1% or ($ 1.52). "The rise of this Friday is not a problem for us, the exchange rate level is in the pace zone," the sources say. And they have added: "It's part of the dynamics at the end of the month, where the demand for imports is generally higher and the liquidity left by the Lebac bid is added here."

• Other money markets

In ROFEX futures markets, $ 710 million was traded in November, rising from 2.89 percent to $ 38.15 and in December to $ 2.54 percent to $ 39.54. The call money was used at 60% and "swaps" were the order of the day with $ 140 million to take and / or invest money in weights and / or dollars on Monday and Tuesday.

Finally, central bank reserves fell to $ 100 million on Friday, ending at $ 51,731 million.


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