It is in tune with Free and Exchange Market (MULC), where the currency falls 16 cents $ 37.35 and is moving away from the non-intervention zone established today by the Central Bank $ 37,860 and $ 48,995.
On the informal square, again, on blue falling 50 cents to $ 37.75 and is consolidated under the official quotation, according to a study by the media in caves in downtown Buenos Aires. Meanwhile, contad con liqui on Wednesday gave nine cents to $ 37.41.
"All emerging markets are pushing for the dollar because of the Bank's decision not to touch the interest rate on Tuesday", emphasized by ABC Mercado de Cambios.
It should be remembered that US Federal Reserve He maintained stable interest rates on Wednesday, but said he would be patient in raising the cost of loans this year and pointed to increased uncertainty over the US economic prospects.
We must not lose sight of the fact that, as announced by Ambito Finance, from the market, those discounts that today, or tomorrow, the BCRA's decision will be announced and expects that the amount of everyday purchases will increase from the current $ 50 million, which at the moment do not have a major impact on the exchange square. According to estimates, the figure can be returned to $ 150 million originally scheduled in the new policy chart.
"There is a growing expectation of the effects of BCRA's expanding purchases of the currency – which will be assessed – as well as the recent strategy to accelerate the rates of rate reductions in order to be able to rearrange the dollar within the group," said the economist Gustavo Ber.
Meanwhile, from the consulting company Delphos Investment, they claimed that "this week marked a milestone on the issues of the pesos, fueled by the current good financial moment." In January there was a recovery in demand for pesos, concentrated in demand for money speculative. "
And they added it "This is reflected in the re-use of the growth in time deposits, reaching (an increase of 6.5%) compared to the previous month and the renewed appetite for private placements in pesos, which resulted in an increase in the amount of emissions and a reduction in the required yields ".
The fall of the currency on the local market arises in accordance with the region. So much so that in Brazil they gave 0.9% on Thursday; in Chile 1.9% and in Mexico, 0.4%.
Also, the monetary authority is put Liquidity ("Lelik") for $ 145,000 million with an average rate of significant reduction of 53.687% seven-day (closed on Wednesday 54.889%). The highest rate was 54%, and the minimum rate was 51.999%.
Dollar in the world
The dollar depreciated on Thursday after The Fed has pledged to be patient in its interest rate rising cycle in the United States, an advertisement that drove the euro.
As expected, the Fed maintained stable rates on Wednesday and, in a formal policy change, said it would be patient before any further increases due to increased uncertainty in the United States.
The dollar index lost about one 0.2%, to a minimum of three weeks of 95.16. In previous operations, it already lost 0.4%.
The money market among banks, the call money It was worked on an average of 48%.
In ROFEX US $ 2,020m was managed, more than 50% of which was agreed in January and February, which eventually worked at $ 37.55 and $ 38.71; with rates of 38.92% and 40.27%, respectively. The prices were low in the environment of $ 0.25 accompanied by the final low-level spot.
Of course, on Reserves of the Central Bank $ 39 million this Wednesday dropped to $ 66,406 million.