The dollar rises again: 46.85 pesos | The central bank …

Dollar
It has risen today, reaching an average selling price in banks and foreign exchange bureaus. 46.85 pesos, 37 cents more than yesterday's fence. After a tense Monday, due to the international repercussions of the yuan (Chinese currency) devaluation against the dollar on Tuesday, there seemed to be relative calm. However, this morning, the currency has risen even above the value reached at the close of this stormy Monday. On the first day of the week, the dollar was traded on the retail market at 46.68 pesos. Today, a value 17 cents higher than the one requested has been sold.

Crossing sanctions and the exchange rate between the United States and China resulted in capital flight from emerging economies, which the International Finance Institute estimated at $ 3 billion this week. Dog in the case of Argentina, this evasion process has already been verified since the previous weeks and is once again agitated by the electoral calendar and the extreme weakness of the local financial and exchange market. For now, the Central Bank has only reacted to the rise in benchmark interest rates, which has led to the compensation of the Leliq
(seven-day Central Bank letters) at 62.73% per annum at the first auction this morning.