The dollar is operating without clear direction, pending IMF definitions

The ups and downs recorded by the dollar at the beginning of the negotiations showed the disorientation of demand pending news Washington, where the national government badyzes with the MFIs the possibility of placing part of the next disbursement on the foreign exchange market.

The North American currency started the session with a jump of 9 cents in the retail space. According to the survey carried out by the Central Bank (BCRA) In the houses of exchange and banks, the currency was offered before noon to 40.40 dollars for the purchase and 42.39 dollars for the sale.

In the wholesale market, where banks and large companies interact, the dollar started the day with a jump of 20 cents, but the strengthening of the supply and the first auction of Letters of Liquidity (Leliq) issued by BCRA allowed to reverse the upward trend.

"Significant drop in the dollar from wholesale prices, shortly after the end of Leliq's first tender offer, prices reached the low of $ 41 and a record low of $ 40.95, levels unprecedented since the first week of the month ", describes the change operator Gustavo Quintana.

Although the results of the operation conducted by the Central are not known until noon, the starting point was the average rate which stood at 63.33% yesterday, its maximum since November 13 last .

Operators are waiting for news that can come from the United States, dThe national government technical teams make representations to Fund representatives so that part of the next disbursement, in excess of US $ 10,700 million, can be placed on the local currency market.