Wednesday , May 12 2021

The value of the dollar, in free fall: dropped on the third day in a row | Chronicle

The retail dollar closed Sunday at a price of $ 38.80 per unit, down from 1.84% compared to yesterday and a 4.9% increase on the closing of the last round last October. .

On a large scale, this Thursday was $ 37.72, down 1.92% compared to the previous day, while during the month the US currency grew by 4.92% in this segment.

Due to security restrictions by the G20 summit, operations on this day were reduced – barely 3 hours – and the volume traded on the cash market exceeded $ 305 million.

On the foreign exchange market, the offer again prevailed with a constant inflow of foreign currency from banks, exporters and investors.

This allowed the Central Bank to absorb a significant amount of pesos – from about $ 40,905 million – and to specify a new Leliqs interest rate cut, an average of 60.405%.

"The big Single Market and Free Exchange (MULC) dollar in the first hour of operation fell by more than 80 cents due to the continuous entry of foreign currency by banks, exporters and investors who found echo from the demand because operators gave priority on the placement of pesos according to the different menu of assets and different periods, with still high rates ", said ABC Mercado de Cambios in his daily report.

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

The majority, 65% of the total, were on contracts with maturity at the end of November and December, with an estimated price of 37.97 and 39.26 dollars respectively.

The various tranches indicated losses of more than $ 1 in the quote, accompanying the regression verified on the cash market.

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