Dollar Today: Quote with a sharp drop and returns to $ 38.70 – 11/29/2018

The dollar is trading with a sharp decline, a day when operations will only extend from 10 to 13 and will, in practice, the last day of the week. Friday, there will be no market and the banks will not serve the public.

At the National Bank, the dollar to the public 70 cents drop to $ 38.70 and is also retiring to several private banks for the third consecutive day. On average, it is quoted at 38.83 dollars, according to the Central Bank survey.

Meanwhile, in the wholesale market, where banks and companies are located, 66 cents drop to $ 37.79. Thus, the peso follows the evolution of the currencies of the rest of the region. The dollar is falling in all countries, including Brazil, 0.50% on average.

After the outbreak that the currency suffered last Monday, following the pesos that were released from Lebac's latest tender, the Central Bank decided to contract the monetary base through the intermediary of absorption of more weight in his daily offers of Leliq. These are weekly securities designed specifically for banks. The entity also raised a bit the rate of these instruments, which fell daily. On Wednesday, it closed at 61.20%.

On Wednesday, the Department of Finance also delivered dollar letters. He placed 833 million USD at a rate of 4.75%. It also issued capital letters (Lecap) in pesos for $ 13,245 million, with a rate of 53.49%, and extended the placement of BOTE 2020 for $ 7,861 million, with a half-year performance of 26 , 56%.