Fifth wheel up for the dollar: up seven cents to $ 28.41

Boosted overall by favorable data from the US economy released this week, the dollar rises seven cents Thursday to $ 28.41 and notes its fifth download in banks and credit reporting agencies. the city of Buenos Aires, according to the average of ámbito.com .

In this way, the ticket has appreciated 50 cents since last Friday. It occurs in harmony with the single, free exchange market (MULC), where the currency increases 15 cents compared to Wednesday's close, at 27.75.

Meanwhile, the central bank has come back to auction for an additional $ 100 million today from the stand-by agreement with the government for a loan of $ 50,000 million. The average cut price was $ 27.7107, with the minimum price of $ 27.7000.

In the informal place, the blue opera at $ 28.65 according to the study of this medium in the caves of downtown Buenos Aires.

The advance of the ticket at the last round took place as a result of which part of the surplus of pesos that the Central Bank could not renew in the offer of Lebac Tuesday, is turned to the foreign exchange market.

to reduce the price increase, the National Bank and the city yesterday sold more than 250 million US dollars – between the two entities, estimated on the market – which were added to 100 million US dollars of the Central daily auction, at Treasury expense (with an average price of $ 27,7075 and a minimum value of $ 27.70). He also contributed to a moderate recovery of Lebac rates in the secondary market.

On the money market between banks, "money money" has dropped today by some 600 basis points, to average levels of 40% annually, before a framework of more High liquidity exceeds the monthly sales of letters from the BCRA and neutralizes the effects of a new upward reserve image, operators said.

They also indicated that the retraction, in line with that seen the day before, was predictable by the surplus funds after Central's new letter auction, which in turn emphasized the low weight wholesale. It should be recalled that the interbank rate fell Wednesday to 43%, against 52/56% previously.

Precisely, Lebac's secondary market rates increased by one point over the auction, operating at 28 days at 47.50%, and at 126 days, at 42, 35%.

Finally, the reserves of the Central Bank decreased by US $ 1,031 million to US $ 59,919 million.

• Dollar in the World

The dollar appreciated Thursday to reach its highest level in a year as investors bet more and more on the strength of the currency. long-term after the optimistic comments on the US economy issued by the chairman of the Federal Reserve.

Holder of the US Federal Reserve, Jerome Powell has not changed the expectations of monetary policy in their testimony before the Congress of that country on Tuesday and Wednesday, but traders have seen their statements as a sign that authorities are comfortable with the dollar's rise of nearly 6% against rivals over the past three months.

The dollar index, which measures the greenback against a basket of six competing currencies, operated at 13:25 GMT with an increase of 0.47% to 95,527 units. Previously, it scored 95,557 units, its highest level since July last year . This advance generated pressure on the euro, which fell 0.32% to $ 1,161, close to a two-week low.