The dollar fell 3.4% in the week but in Posadas it remains above 29 pesos

Proceeds from the increase in reserves arranged by the BCRA, added to the Letes' offer made by the Treasury, the dollar fell during the week more than $ 1 and closed at $ 28.64 , in banks and agencies of the city of Buenos Aires. While in the exchange agencies of the capital of Misiones he sells for 29.10 pesos.

The greenback has come down this Friday, a day after the placement of treasury bills, which for the first time could subscribe with Lebac: the official price recorded a drop of 14 cents at the weekly close.

The price trend was marked by changes in trend with some intensity that changed the quote but still in a scenario of low pressure on the currency.

Demand for hedging was very active in the first tranche, during which dollar values ​​climbed to a high of $ 28.22 on average in the morning. The trend change was verified after the result of the official auction with an offer that intensified until the end. Prices fell back to the sales surge and drilled the $ 28 floor relatively easily, touching minimums of $ 27.87 in the moments before closing. The total volume traded fell 26% to $ 562 million.

"The measures adopted by the economic authority which led to a tightening of the peso and a monetary tightening have completely affected the behavior of the American currency, and diluted the strong pressure which, in a few weeks, justified the rise in the exchange rate, "said badyst Gustavo Quintana

adding that" Monday's holiday had no effect on the volume of business remained limited and During the day , the BCRA allocated $ 100 million average of $ 28,195, the minimum price of $ 28.19

The Department of Finance on Thursday auctioned $ 422 million of Treasury bills in dollars at 379 days, (maturity July 26, 2019), with a rate of 5.5%, of which 70% subscribed with Lebac (US $ 295 million).

In the money market between banks, call money was exploited at 43% In the context of foreign exchange swaps, $ 102 million was granted for to take and / or invest funds in pesos through the use of dollar purchases for next Tuesday and Wednesday. Lebac rates in the secondary market showed declines in their yields after rising on Thursday, in 12 days at 51.65% and 138 days at 48% TNA.

In Rofex, where they operated $ 410 million, 55% was agreed between July and August with final prices at $ 28.82 and $ 29.94 respectively with rates of 48.14% and 47%. , 66% TNA. The futures have shown losses of just over ten cents, before the marked trough of the place.

For its part, the blue closed unchanged at $ 28.90, according to the study of this medium in the microcentro caves of Buenos Aires. Meanwhile, the "cash settlement" gave 22 cents to $ 28.05

Finally, the central bank's reserves ended up at $ 60.915 million, down $ 28 million from the business day previous. 19659013] [ad_2]
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