Is the average value of the currency at exchange houses Missionary Capital. Yesterday at & # 39; Washington prior to the accreditation of the charges that were not renewed in the latest bid & # 39; Lebac, the dollar only rose two cents this Wednesday at $ 37.25, f & # 39; banks and agencies .
Beyond a slight increase, the ticket retailer controlled his second consecutive advance, goes beyond the land of & # 39; $ 37 was drilled at the end of last month (minimum reached a & # 39; $ 36.38 less than two weeks ago).
In the Single Market and Foreign Exchange (MULC), the currency rose seven & # 39; and a half cents to $ 36 255, and has maintained a very defined earth & # 39; over $ 36 operating volume increased by & # 39; 20% and totaled & # 39; $ 569 million
The foreign exchange market experienced a quiet day, with some fluctuations & # 39; day, touching a maximum of & # 39; $ 36.30 at the beginning of the wheel, and a minimum of & # 39; $ 36.23, at best moments supply & # 39; exporters of cereals, they sold about US $ 50 million, according to operators.
"It was a flat day, waiting for pesos of & # 39; investors who ġeddidux to Lebac. Only this Thursday market receive that cash flow from BCRA to enable & # 39; dispose of the form are believe more convenient, or positioning herself & # 39; dollars and / or put other assets in & # 39; fees, taking advantage of the interest rates that are about 50% "comment Fernando Izzo, a & # 39, ABC Mercado de cambio.
F & # 39; what was the end of Lebac offer (they expire in & # 39; December and will no longer be offered), the Central was Tuesday $ 39 754 million in & # 39; Lebac to 28 days b & # 39; rate & # 39; almost 50% nominal annual, and therefore released to the market more than $ 120,000 million.
It is expected that much of that cash will be collected by the Treasury, which offered Letters Wednesday in & # 39; Piżos adjusted by CER (LECER) and Letters capitalisable f & # 39; Piżos (LECAPs) at the nominal rate & # 39; 4% per month, both in 91-day term.
Another part of the extra charges can & # 39; go to the dollar, although this Thursday "will be complicated day to operate in the foreign exchange market", because of the US holiday (Thanksgiving Day). It is expected that the activity is reduced and little can & # 39; to be considered when assessing a major change in the current trend.
Meanwhile, during the day the Central Bank took advantage of the pax exchange to validate low new rate rate & # 39; Leliq for 7 days, and b & # 39; so perforated 62% per annum (the average yield was cut & # 39; 61 954% 62.118%). The maximum rate was 62.397%, while the amount awarded was & # 39; $ 97 934 million, compared with & # 39; maturity & # 39; $ 74 320 million.
With the last two increases in the dollar, the price goes beyond – for now – from the ground & # 39; an area that does not involve (now at $ 35 717), something imminent appeared during the first week & # 39; November.
The market expects that as the reduction in height of the weight rate intensify and election uncertainty continues to increase, the portfolio will advance dolarizzazzjoni b & # 39; more power.
Of & # 39; noted that on Wednesday, the weak currency volatility helped international scenario somewhat more calm after the biggest risk aversion perceived between Monday and Tuesday.
• other money markets
In the interbank money market, "money money" operated by & # 39; average & # 39; 60%. In the futures market & # 39; ROFEX, traded 837 million USD, of which over 60% were agreed between November and December, with prices & # 39; $ 37 and $ 38.44, respectively; and rates of & # 39; 83.34% and 54.99% TNA. The futures ended with & # 39; & # 39 losses, just over two cents, b & # 39; difference from the spot.
In the informal market, meanwhile, rose four blue & # 39; cents to $ 36.30, according to the survey of & # 39; this device in the caves of Buenos Aires downtown. The "plus the liquidation" resumed yesterday 22 cents to $ 36.23.
Finally, the Central Bank reserves fell US $ 223 million on Tuesday and closed at US $ 51 832 million.
Fuente Financiero Ámbito