Wednesday , June 23 2021

The dollar rose more than one weight per week and closed at $ 38.50



The week ended with a jump & # 39; dollars. According to the average exchange rate of the Central Bank, the retail dollar closed at $ 38.50, while on Thursday reached $ 37.43. In the wholesale segment rose $ 1.06, to $ 37.50.

The currency rose four days and recorded an increase in weekly & # 39; $ 1.50, the highest since the end of September, when the exchange rate reached a high level & # 39; $ 41.94. According to specialists, the issue & # 39; investment funds affected & # 39; positions in local currency.

Why jump currency?

An operator explained that the pressure on the currency was the product "bank outside dismantle positions in & # 39; weights to buy dollars".

The analyst Gustavo Quintana & # 39; PR Cambio told the newspaper El Cronista that "it seems to me that there was an excess of & # 39; pesos taken position in & # 39; dollars, moreover, there was not much fluid supply and prices have translated into & # 39; boom ". This week after bids & # 39; Lebac the Central Bank changed the plaza around $ 122,000 million.

The analyst Fernando Izzo explained to the same media that "foreign banks make it their business to have funds in their account, that sent the need for dollars & # 39; some investors and companies, using hedges their bill abroad and unfortunately had to pay the price of the dollar to the seller sent ".

In addition, the dollar appreciated in the US and had the largest increase in a month Friday as investors resorted to account after a sharp drop in oil prices. The dollar index rose in & # 39; five of the last six days.

In the region, the currency had to increase & # 39; 1.2% in Colombia; 1% in Chile; 0.6% in Brazil; and 0.4% in Mexico.

Can & # 39; & # 39 has; Your interest: Financial bicycle II: second parts were never good, but it will be worse


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