Dollar Today: Central Bank announced that it would absorb "excess liquidity" – 11/27/2018

After the dollar escalated, Central Bank sources warned that the entity "will absorb the excess liquidity of the financial market".

These sources told Telam that the entity headed by Guido Sandleris "will continue to closely monitor the money market absorb any excess liquidity that may exist"

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However, they considered that the market is calm and this is reflected in the renewal of all maturities of Leliq unchanged at a rate of about 61.23%. And they have also seen no major problem in the dollar's rise over the past two days.

On the other hand, according to the Telam agency, the BCRA has badured that in October the companies of the real estate sector they were net sellers of currencies for about 1 400 million US dollars.

Within this group, the main net supply in historical terms, "Oilseeds and cereals", had net sales of about 1,300 million US dollars, an annual decline of 21% due to drought.

"The difference with the net purchases of 2.2 billion USD in October 2017 mainly explains by by the brake on imports in recent months"said the agency.

On the other hand, the "human persons", who essentially demand foreign currency for accumulation and trips abroad, they bought 900 million US dollars net, "less than half of October 2017".

Source: Telam