After "the effect of the yuan", the dollar took a break | Chronic

The retail dollar price fell Tuesday, by 20 cents (0.43%), to close at $ 46,482 on average, in a wheel that was under pressure from demand after a sharp rise in demand. last Monday.

At the wholesale level, the US dollar fell by nineteen cents and was established at $ 45.30 per share, due to the presence of specific portfolios hedging and taking positions of some banks.

As on the last day, the Central Bank again made three auctions to place the US $ 60 million daily on behalf of the Treasury, as banks did not buy everything they offered, expecting a drop in the value of the dollar.

Fernando Izzo, from ABC Mercado de Cambios, said that the decrease in the supply of operators is due to the fact that, in the market, "the exchange rate is very high".

For its part, the badyst Gustavo Quintana held that "the best performance of the rest of the currencies against the dollar on the international market has led to less pressure on prices" on the local market, as China made adjustments regarding the devaluation of the yuan last Saturday.

However, the Central Bank returned that day to validate an increase in the interest rate on the Letters of Liquidity (Leliq) – the twelfth consecutive year designed to contain the dollar's progress -, remaining at an average of 62, 28%.

The volume on the spot market is US $ 730 million; while the MAE futures market was not active and contracts worth more than US $ 1 billion had been negotiated.

In the money market between banks, the call money operated at around 60% and, in return, foreign exchange swap transactions were concluded for an amount of USD 231 million.

As in the previous rounds, the Central Bank has reopened on the futures market, especially in the shorter term, to end at the end of August and next September.

In Rofex, the shortest terms concentrated more than 50% of the total mined and final prices for both positions ended at $ 46.93 and $ 49,051, with an average minimum of 15 cents (0.3%). ) compared to last Monday's wheel. .