In a data for the G20 framework, the dollar returned to the values ​​of last week

The Central Bank overcame the dread that had caused a significant rise in exchange rates on Monday and managed to end the week – since tomorrow will have a holiday – with a dollar that returned to last Friday's values.

During a typical day of the G20, where the frequency of trading is reduced to 13 hours, the currency closed at 38.77 USD, according to the average retail sales. Thus, it drops 76 cents per day and moves away from 40 dollars arrived Monday.

However, he is still well above $ 37.43 last Thursday. Market sources explain that the decline came from a virtually volume-free market, where with small deals can abruptly change the quote.

In the wholesale sector, the currency ended up operating at $ 37.72 with a volume of $ 305 million and without operating in the MAE futures market. Thus, the week ends up 0.32% and ends the month of November with an increase of 4.92%, a peso with seventy-seven cents.

In addition, the Central Bank took advantage of this situation to continue lowering rates or even to achieve significant monetary absorption.

At a new Leliq auction, the group allocated $ 189,162 million, with an average cutting rate of 60.75% and a maximum of 61.02%. Thus, withdraw 40 901 million dollars from the place and after lowering the base rate by 44 basis points, it is at the door of the minimum of 60% that it had committed to respect until the fall two consecutive expectations of inflationary expectations.

"After a Friday and a Monday when the dollar had rebounded strongly, the Central Bank was able to contain it by removing the surplus pesos published last week, but the good news is that this contraction was achieved without it being needed to raise rates, "says financial badyst Christian Buteler.

The positive results were also obtained by the Ministry of Finance. Dujovne placed $ 833 million in Letes at the annual nominal rate of 4.75% and the letters capitalized in pesos (Lecap) for $ 13,245 million at an annual rate of 53.49%.