The dollar gave 4 cents in the banks of the city of Buenos Aires

The dollar in the wholesale segment has worked with slightly low this Wednesday, in a financial center with smaller companies less participation of institutional investors, in anticipation of the G20 leaders' meeting to be held Friday and Saturday in Buenos Aires.

The dollar ended up being offered to $ 38.46 on the square wholesaler or interbank, with a fall of nine cents.

For this Wednesday, the Central Bank has set a floor and a price ceiling for the zone of "non-intervention" the 35 964 and the 46,542 pesos, respectively.

"In the third trimester, the exchange rate has acquired a unsustainable dynamics. However, by interest rate, the Central Bank managed to tame it and for the moment it is contained. If inflation expectations continued to fall, the rate would perforate to 60% in December, "says a report from Ecolatin.

He added that "next month, for seasonal reasons plus the nominal reduction in interest rates the demand for foreign currency would increase. However, the exchange rate he would not shoot: less liquidity of the portfolios and a "dry" peso position would avoid a sharp jump of the dollar ".