Dollar climbed 1.44 pesos and closed at $ 39.94

"The rise of the dollar is explained by several reasons, including the disarmament of the portage, the proximity of the end of the month that is starting to have an impact and the demand for expiry of imports in large companies, "said the operator Gustavo Quintana to this medium.

For the operator Christian Buteler, the rise of the greenback at the national level responds to three main reasons. In the first place, the order placed by the Central Bank at the beginning of the month of reserve for the funds that the financial entities must maintain immobilized, in order to discourage the entry of speculative capital in the short term. In second place, "the peso surplus for the disarmament of Lebac last week" and finally, "the decline in Leliq rate" that the monetary authority applies.

It should be remembered thate the dollar climbed 1.07 pesos on Friday, the biggest daily increase in the Sandleris era until Monday, and peaked in almost seven weeks, to $ 38.50.

Despite the sharp rise in the exchange rate, the Central Bank validated a further rate cut, which remained at 61.405% per annum (from 61,699%), in the daily auction of Leliq. It granted $ 134,844 million, less than the amount due, and released some $ 48,700 million into the market. It should be noted that Leliq's tenure has been stretched from 7 to 10 days because next Friday there will be a holiday for the G20 summit.

Despite the predominance of high rates guaranteeing the central place and the Treasury, investors start to reposition themselves in dollars (they reverse the carry trade or financial bike bets) by the staggered rate fall, the close of the end of the year and the uncertain political landscape in view of the 2019 presidential elections.