Yesterday, the dollar again & # 39; started the momentum that had imposed the last week and rose $ 1.45 to close $ 39.97, According to the average of the Central Bank. F & # 39; one day is jump & # 39; 3.63%. F & # 39; some banks currency at the retail level rose & # 39; over $ 40, but in the nation increased $ 39.90. Therefore, the currency & # 39; American & # 39; On again touch the price was in the first week & # 39; October, when management started & # 39; Guido Sandleris the Central Bank launched the scheme & # 39; & # 39 bands; flotation.
On 1 & # 39; in October, the dollar reached $ 40.73, The higher the value & # 39; now over management & # 39; Sandleris. After a small loss of & # 39; days later, on 4 & # 39; October is increased to $ 39.44. And from there began sliding towards the area & # 39; $ 37.
Yesterday at & # 39; mid-morning, the dollar fell & # 39; 7 cents compared with the closing on Friday, when it increased by & # 39; more than one weight for $ 38.50. But with the passing hours left reversed pattern & # 39; back and showed that the week in which the G20 starts will be surrounded by turmoil in the exchange.
This increase in the dollar ending the stability that the coin was shown in recent weeks. The advance of the dollar is driven by uncertainty which was hit the market in & # 39; recent days. Specifically, the new leap of the country risk, after the low was made in & # 39; November when he appeared to settle in the area & # 39; 600 points, again & # 39; climbed to 700 points.
This rebound is explained by & # 39; what is happening with Argentinean bonds to continue with & # 39; high rate & # 39; return, which means that the doors of international funding remain closed for the country. Does & # 39; it is added to the final bid Lebac on the last Tuesday, where the Central renew with $ 120,000 million, increased pesos in the market now on the dollar.
B & # 39; this victory currency, the exchange rate was wholesale & # 39; $ 39.05, nearly 4% over the flotation land. On the five wheels, dollar accumulated increase & # 39; 7.2%. Yesterday there were operations & # 39; cash for USD 723 million, much more than the average last week, about US $ 500 million a day. In the futures market MAE, $ 219 million were traded.
The Argentine weight ran in the same direction as other currencies in the region. In Brazil, the dollar appreciated 2.48% against that real, while Mexican weight dropped 1.15%. The "Brazil effect" was the reason to chose the Treasury Palace to explain why the dollar has risen for five consecutive days.
"Brazil is shipping us, But we are calm because it was already clear that the policy & # 39; & # 39 bands; exchange work ", said the minister in Nicolas Dujovne environment.
On 1 & # 39; in October, the Central Bank came a & # 39 system in place; flotation and is committed to intervenes unless the currency moves in & # 39; these limits. Today those areas range from $ 35.89 to $ 46.45.
For operator Gustavo Quintana, a & # 39; PR Cambio, the rise of the dollar in recent days is due to "the strength of demand and supply failure".
For economist Martin Alfie, a & # 39; & # 39 consultants; Radar, "the amplitude between the floor and ceiling range to make, f & # 39; event of a" change in mood " The volatility is high. There is a difference of & # 39; 30% in the BCRA can not buy or sell. "
Matías Roig, director & # 39; Personal Portfolio Inversiones, indicating that the increase in the currency is "as a consequence of excess liquidity the maturity of Lebac, which is consistent with last month offsets, as well as a sustained reduction in the interest rate Likwidali Bills (Leliq) of the Central Bank. "
The market eyes are placed on the decision that the Central Bank does in regard to rates. The monetary authority yesterday rate & # 39; Leliq failed again, The instrument was almost extinct replace Lebac, to 61.23% from 61.40% on Thursday, by & # 39; & # 39 placement; $ 134.579 million.
Yesterday, the international reserves ended at US $ 51 591 million, 145 million less than on Friday.