The dollar drops 19 cents to $ 39.50 and registers its second consecutive decline

In the Single and Free Exchange Market (MULC)where the currency falls loses 15 cents to $ 38.40.

In the informal market, for its part, the blue stable $ 38.50, according to the investigation on this support in the caves of downtown Buenos Aires. The "cash settlement" fell yesterday from 13 cents to 38.59 dollars.

It should be remembered that, as in the case of the region, the greenback fell 31 cents yesterday and reduced its series of five consecutive increases.

It was in line with the wholesale segment, where the currency fell 50 cents to $ 38.55, after peaking at $ 39.11 at the start of the round.

The foreign exchange market followed the trend in Brazil, where the North American currency depreciated by 1.6%, and Mexico, where it returned 0.7%.

Overall, the Central Bank has placed $ 140.075 million in liquidity bills ("Leliq") with an average return of 61.25% per annum, a first increase (albeit slight) after 15 calls for # 39; offers. The maximum badigned in the eight-day letters was 61.691%.

Analyst Fernando Izzo of ABC Mercado de Cambios pointed out that "If we take into account this call for bids, we warn that the banks' investments in this bond have increased by 49% more than expected, or $ 46,140 million, although the rate has been maintained a little higher" "If we take into account this call for bids, we warn that the banks' investments in this bond have increased by 49% more than expected, or $ 46,140 million, although the rate has been maintained a little higher"

He added "by calculating that these pesos invested in Leliq would have remained in the circuit, the exchange rate would surely not have gone from $ 39".

In addition, the Ministry of Finance has introduced peso and dollar denominated Treasury Bills (maturities of 193 and 116 days respectively), as well as fixed-rate national treasury bonds (BOTEs), maturing on 21 November 2020.

The foreign exchange market is limited this week following the G20 summit that will bring together the world's leading leaders and will be held from Friday to Saturday in central Buenos Aires.

In this sense, the Central Bank has confirmed to dominio.com that it would be the single currency market and free (MULC) until 13 hours Thursday; Friday, there will be no public attention in the banks.

Other money markets

In the money market between banks, the "Call money" He was operated at an average of 60%. In exchange for swaps, an amount of $ 163 million has been agreed to take and / or invest in pesos using dollar purchases for Wednesday and Thursday.

On the futures market ROFEXUS $ 1,725 ​​million was negotiated, more than 70% of which was agreed between November and December, with final prices set at $ 39 and $ 40,465, respectively; and 71% and 53.33% TNA.

Finally, Central Bank reserves decreased by 147 million USD on Tuesday and amounted to 51,438 million USD.