Dollar Raises for Fourth Consecutive Day After Lebac Renewal

After the bidding call for
Lebac yesterday, in which 75% of these letters were renewed, the
dollar is sold in banks at $ 28.33, 17 cents at the close of yesterday, according to the daily average that makes the


Central Bank
(BCRA)

If this trend continues, the currency will close its fourth consecutive day of increase. Last Thursday, he quoted $ 27.91 and has since accumulated an increase of 42 cents

Meanwhile, in the wholesale segment, the US currency is offered at $ 27.67, 14 cents over the value at which he closed the last day In the daily offering of the BCRA, the total amount of 100 million US dollars was awarded. The average price cut was $ 27,7075

In the region, other currencies are appreciated as real (0.26%), Mexican (0.29%) and Uruguayan (0.42%). while the Chilean depreciates (0.19%).

The Argentine stock market has operated without definite price trends and with limited business due to the caution of investors in front of an uncertain panorama of the local economy. The Merval index rose 0.98%.

Yesterday, the BCRA reduced from 47 to 46.50% a year the rate that pays the Lebac short-term -28 days-, in an offer in which it renewed the 75% of the outstanding amount. matured debt is 15 percentage points higher than in June – in total exchange rate – and slightly higher than the expected market. However, 84% of investments (5 points more than a month ago) were concentrated as quickly as possible.

The degree of membership caught the attention of badysts, who feared that the bounce of the last three wheels (from $ 27.92 to $ 28.16 yesterday) cast doubt on the investors that 39, they had placed pesos on these titles