Tuesday , May 11 2021

The dollar falls 13 cents to $ 39.50 and records its second order in a row



In Single and Free Exchange Market (MULC)where the fall in the currency loses 15 cents $ 38.40.

In the informal market, for its part, the Blue Opera is stable $ 38.50, according to a study by the media in caves in downtown Buenos Aires. "Paris settlement" fell yesterday 13 cents to 38.59 dollars.

It should be remembered that according to the region, the yesterday's stock market fell by 31 cents and decreased five times in a row.

It was in line with the wholesale segment, where the currency fell 50 cents to $ 38.55 after touching the rises to $ 39.11 at the start of the circle.

The exchange market, such as this, was accompanied by the trend of Brazil, where the North American currency depreciated by 1.6% and Mexico, where it was 0.7%.

During this round, the Central Bank placed $ 140.075 million in liquidity accounts ("Leliq") with an average yield of 61.25% per year, which means that the first increase (although small) in fifteen tenders. The maximum granted in eight-day letters is 61.691%.

Analyst Fernand Iso of the ABC Mercado de Cambios emphasized this "If we consider this tender, we warn that the banks' investments in that bond increased by 49% more than they should have, ie $ 46,140 million, although the rate was slightly higher" "If we consider this tender, we warn that the banks' investments in that bond increased by 49% more than they should have, ie $ 46,140 million, although the rate was slightly higher"

He added "calculating that these pesos, which were invested in Lelik, would remain on the track, surely the course would not fall from 39 dollars."

Also, The Ministry of Finance published state bills in pesos and dollars (with a maturity of 193 and 116 days, respectively), as well as government bonds in pesos (BOTE) at a fixed rate, due November 21, 2020.

The exchange market this week is limited as a result of the G20 summit that unites the world's leading leaders and will be held between Friday and Saturday in downtown Buenos Aires.

In this regard, the Central Bank has confirmed to dominio.com that it will be the only and free market of the Stock Exchange (MULC) will operate until 13 on Thursday; while on Friday there will be no public attention in the banks.

Other money markets

The money market between the banks of "Money on call" It was worked on an average of 60%. In exchanging swaps, $ 163 million was agreed to take and / or sell funds in pesos, through the use of purchases in dollars for Wednesday and Thursday.

The futures market ROFEX, $ 1,725 ​​million were agreed, of which more than 70% was agreed between November and December with final prices of $ 39 and $ 40,465 respectively; and rates of 71% and 53.33% of TNA.

Lastly, the Central Bank's reserves on Tuesday fell by 147m USD and closed to $ 51,438m.


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