The trade war had an impact on the dollar, which was close to $ 46 (moderate increase in the agri-food sector)

He agreed with the Single and Free Exchange Market (MULC), where the currency went up by 21 cents to $ 44.65 in the midst of global tensions after the president of the United States, Donald Trump, will strongly increase the pressure on China reach a trade agreement by announcing that it will increase tariffs on the goods of the Asian giant.

"Improved income flows and a turnaround in expectations have helped to overcome the shock of international market noise, dampening exchange rate movements which, in the balance sheet of the day, recorded a slight correction, lower than expected. at the market exposed the previous days with situations similar to those of today ", said Gustavo Quintana, PR Corredores operator of Cambio.

The currency in the wholesale segment reached 76 cents, but during the last hour of operation, the dollar was more offered by exporters. "At least they calculate that they sold about $ 120 million, while the price of commodities was not ideal"said Fernado Izzo, operator of ABC Mercado de Cambios.

As usual, the BCRA has realized the first auction Liquidity Lyrics (Leliq) at 7 days for an estimated $ 130,989 million, at an average audience rate of 73.575%, with a maximum granted of 73.78% and a minimum of 72.49%.

The second 7-day liquidity letters auction was $ 86,226 million, at an average rate of 73.461%, with a high of 73.58% and a minimum of 72.498%.

The average total rate of the day of the date, equivalent to the policy rate, was 73.53% (Friday, 73.766%) and the total amount allocated was $ 217.215 million.

In addition, the Monetary Authority proceeded today, on behalf of the Ministry of Finance, to two auctions totaling US $ 60 million.

The rise in the price of the dollar on the local market is comparable to that of the region. So much so that in Brazil, the dollar rises 0.4%, Chile 0.1% and Mexico 0.2%.

The demand for hedging was installed early in the sector where the big players operate, exerting a strong pressure on the price, which reached a maximum of 45.40 USD at the beginning of the day. In the latter part of the day, revenues increased and the disarming of positions accelerated, accelerating the sales trend which ultimately led to a price decrease of $ 44.65. .

The total volume traded on the foreign exchange market was $ 746 million, up 5.5% from last Friday.

Other markets

In the informal market, the blue advanced 75 cents to $ 46.50 according to the investigation of this support in the caves of downtown Buenos Aires. Meanwhile, "contad con liqui" rebounded 27 cents to $ 44.93.

In the interbank money market, call money operated at 71%.

On the ROFEX, 1,246 million US dollars were operated, 17% more than Friday. The shortest periods accounted for just over 55% of the total exploited. The final prices for these months of May and June finally worked out at $ 46.62 and $ 48.72 (TNA 64.42% and 60.49%).

October, with 76 million USD operated, finished at 57.98 USD (TNA 61.22%). Conditions have shown an increase in the environment to ten cents.

Finally, the gross international reserves of the BCRA On Monday, they brought back $ 439 million to $ 70,852 million.