Naaju Breaking News, Live Updates, Latest Headlines, Viral News, Top Stories, Trending Topics, Videos
[ad_1]
The dollar started its tenth day under the group non-intervention. A few hours after the Monetary Policy Committee decided to increase or not the amount allowed to buy currencies – and thus increase demand, inject more pesos and the dollar depreciates sharp decline from 37 cents to $ 37.10 on the wholesale market. The floor of the non-intervention swap band is $ 37.61.
The central bank came out early to buy. Acquisition of 50 million USD at an average price of 37.08 USD, with a maximum of 37.10 USD. Since January 10, when the purchases began, US $ 560 million added to reserves.
What happened today? We tell you the most important news of the day and what will happen tomorrow when you get up
Monday to Friday afternoon.
Meanwhile, in the retail market, the dollar down 54 cents, to $ 38.05 in medium banks. On Wednesday, the currency closed at $ 38.59. In several entities, including Banco Nación, it was trading at $ 37.90.
The dollar has followed the same path as in the rest of the countries in the region, where all currencies – from Brazil to Mexico – have been revalued.
The fall of the dollar in Latin America is linked to the declaration of the US Federal Reserve that decided maintain a cautious stance on rate hikes. The Fed kept the key rate unchanged and, in addition, removed the reference to "more gradual increases" in its press release, which signaled a flexible approach to reducing its bond portfolio and implied that the next move in the rate could even be a key element. cut.
Optimism for emerging markets after the decision of the North American central bank also affects country risk, which fell 0.87% to 683 points. This means that there is a difference of 6.83% between Argentine bonds and those of the United States, considered the safest. 10-year US Treasury bonds also declined to 2.67%.
.
[ad_2]
Source link
