he was out of control six days after the PASS and closed at $ 46.68



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A few days after the walk, the dollar went out of control and closed at $ 46.68, according to the average estimated by the Central Bank (BCRA). The monetary authority validated a new interest rate but could not influence the jump in the value of the greenback to its maximum in three months, mainly due to the devaluation of the Chinese yuan.

Following China's decision to depreciate its currency, the US currency has peaked since April 26, trading $ 44.42 for the tip and $ 46.68 for the seller. The removal of government-imposed exchange controls, coupled with financial weakness, made the greenback volatile six days after the primary elections.

The symbolic value of seven yuan to one dollar has not been reached for nine years in the Asian country. The differential reached such disparate levels only four days after the latest threats of US sanctions against Chinese products.

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The government fears a possible dollar jump in the face of Chinese devaluation

What did the power plant do? Before a maturity of $ 279.397 million, he placed Letters of Liquidity (Leliq) $ 257.062 million, at an average rate of increase of 61.58%. This means that $ 22,335 million was not renewed in this financial instrument.

During the day, "the BCRA has intermittently sold dollar futures contracts on the Rofex," said one operator.

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