The dollar holds 28.70 pesos at Posadas

It is the average value of the currency in the exchange houses of the missionary capital. High rates eased the dollar during the week, falling 27 cents and closing at $ 28.04 (the lowest month at 5.5%).

High rates in pesos contributed to the dollar in the week, which fell 27 cents to $ 28.04 in banks and agencies of the city of Buenos Aires, according to the Ambito Financiero average [19659004]. on Friday, the bill dropped five cents to reach its lower value in almost two weeks.

This was in line with the Single Market and Free Trade (MULC), where the currency fell in the last five days 25 and a half cents to $ 27,325, reversing the uptrend of the last five days

This Friday, the US currency lost 8.5 cents, during a round during which the Central Bank auctioned, on behalf of the Treasury, $ 100 million from the Stand By agreement with the IMF. The average price cut was $ 27.3243 with a minimum of $ 27.312

"The company that keeps the value of the dollar at a distance is the financial, whose interest rates for the placement of pesos remains at a high level, "explain the tables

Of course," looks are starting to rest on the end of the month and the seasonal demand for foreign currencies that usually appears, "said the SBS brokerage

. Low exposure for much of the week and could not react by the push of the offer in the market. Values, in this sense, went from top to bottom in another day that maintained the low average of operations that had been occurring for two months.

The maximums were marked in the $ 27.44 shortly after the beginning of the wheel barely three hundred above the values ​​of the previous end. The surge in foreign revenues was again felt with some intensity, causing the exchange rate to fall to $ 27.30 as the average of the day progressed. With few nuances and little oscillations, the price of the dollar remained quietly higher than the minimum until the end of the day

"Unlike at other times, the proximity of the end of the month has not triggered an increase in the value of the dollar because of the need to hedge positions that come due next Tuesday, leaving open the forecast on the level of the US currency at the end of July, "said badyst Gustavo Quintana. money market between banks, the call-money was negotiated at 37%. In the context of foreign exchange swaps, $ 150 million was granted to take and / or invest in pesos using dollar purchases for Monday and Tuesday. "There are a lot of banks and investors who are already leaving the futures and closing the deal by paying Tuesday," they told ABC Mercado de Cambios.

Lebac rates in the secondary circuit were reduced to 19 days. yield of 44%, and that of 117 days to 42.35%.

In Rofex, where $ 934 million was agreed, 66.9% was mined for July and August terms at $ 27,429 and $ 28,415 with rates of 34.73% and 41.60%. %. The shortest terms were down 8 cents and the longest was down 14 cents.

In the informal place, the blue stable closed at $ 28.70, according to the investigation of this medium in the caves of downtown Buenos Aires. In turn, the "contad con liqui" dropped 10 cents to $ 27.37.

Finally, the reserves of the Central Bank lowered Thursday another 381 million dollars and ended the week to 58,100 million dollars.