The dollar has risen again | Chronic

The dollar rose Wednesday 0.69% in the retail segment to close at an average of $ 46,803 per unit, a day when the Central Bank has again validated an increase in interest rates 62% to 62.93% – and for which the country risk again exceeded 900 basis points.

In terms of wholesale trade, the US dollar rose 0.64% to $ 45.59, with sales of nearly $ 750 million in the spot market and more than $ 1,493 million in futures contracts on Rofex.

Analysts have agreed that the new rise in the dollar responds to external and local problems, such as the trade war that the United States and China are facing and the devaluation of the yuan, in the first case; and waiting for the result of PASO next Sunday, in the second.

"Despite the steady rise in the interest rate of nearly 300 basis points over the month, they fail to withdraw their pesos and achieving the basic monetary goal is further complicated", says the badyst Christian Buteler.

For his part, the specialist Gustavo Quintana he said that in the foreign exchange market he recorded "Another day of volatility and buying trend in a regional scenario that has infected the local place, in which the Central Bank has maintained its intervention strategy in the futures markets for the purpose of mitigate the price correction ".

Quintana pointed out in this regard that this day had also "timely participation of some official banks in the liquidity sector, which has been combined with the official strategy to limit the rise in the exchange rate".

Fernando Izzo, from ABC Mercado de Cambios, warned – as in the previous two days – "again, the banks did not buy all the dollars presented"for" the central in the name of the Treasury "in the expectation of a price decline.He then added that the banks "They took the time in these last week's offers" to the strategy of selling money, and "that later they buy they benefit with the lowest price".

That day, in the first stage of the wheel, the wholesale dollar was $ 45.78, then slowly deflated and closed at $ 45.59.

At the first call for tenders, which was held at 12 o'clock, they sold 22 million USD at a price of 45,681 USD and the remaining 38 million USD at the end of the scroll, at 45,568,122 USD, the average of the two auctions being 45 USD. , 6095.

Regarding the Leliq, the Central Bank validated Wednesday the thirteenth consecutive increase in the rate, an average of 62.93%.

Of the total amount of $ 245,499 million at that date, $ 243,225 million was allocated, of which $ 2,274 million was released.

In the money market between banks, the currency of appeal remained at around 60%; while in swap exchanges, US $ 168 million was agreed.

On the other hand, in the Rofex futures market, finalized activities amounting to US $ 1,493 million have been finalized, an increase of 46% over the previous day, with the Central Bank actively participating in short-term contracts, representing 50% of the total.

Thus, final prices for August and September ended at $ 47.10 and $ 49,269, with an average increase of twenty cents over last Tuesday.