Strong decline in the dollar at the end of the week



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The retail dollar quotation closed the week (there are no banks Friday) at $ 38.80 a unit, down 1.84% from Wednesday and up 4.9% % compared to the closing value of the last wheel of last October.

At the wholesale level, closing was $ 37.72, down 1.92% from the previous day, while the US dollar was up 4.92% during the month. segment.

Due to the security restrictions imposed by the G20 summit, today's operations have been reduced – barely three hours – and the volume traded on the spot market has exceeded $ 305 million.

On the foreign exchange market, the supply has today been revived by a constant influx of foreign currency from banks, exporters and investors. This allowed the Central Bank to absorb a considerable amount of pesos today – about $ 40,905 million – and to specify a further reduction in the Leliq interest rate of 60,405% on average.

"The big dollar in the single market and free trade (MULC) during the first hour of operation has dropped more than 80 cents due to the constant influx of foreign currency banks, exporters and investors , which has met with an echo of demand because operators have given priority to placing pesos according to the varied menu of badets and periods, with rates still high, "said ABC Mercado de Cambios in his daily report.

Finally, the Rofex futures market was finalized for 822 million US dollars. The majority, 65% of the total, was for late November and December contracts, with final prices of $ 37.97 and $ 39.26, respectively.

The different tranches recorded losses in excess of USD 1 in the listing, accompanying the verified regression in the accounting market.

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