The dollar closed down despite market tensions and changes in rates; Central Bank



The Government start the special week for the results of the G20 Conference. Mauricio Macri gave a number of interviews where he emphasized the role of the country to play in; compiling one of the most important meetings of state leaders in the world. There were a number of two-dimensional agreements, its company was according to its & # 39; The plan was a final document and it was even possible to bring Donald Trump and Xi Jingping closer to each other. These circumstances meant that US money was in a position; falling down $ 37 on Monday. Five days later, the dollar was paid over $ 38, which could be a number; heightened to consider the illness between China and the United States and the low levels explained by the Mid Bank.

The external problems that caused daily stability in the dollar led to the depression created between the United States and China after the meetings held by the leaders of those nations in the G20. There was a lot of noise in the reference markets for the effectiveness of the commercial disruption that followed, despite the "Buenos Aires Agreement" is signed in the forum. Despite this, there was an increase of 69 cents in the money during the week, although this Friday fell on the previous day.

On the last day of the week, the dollar closed 30 cents under Thursday and, therefore, he successfully contributed to the death of a foreign trade. The money was opened at $ 38.54 for sale according to the Central Bank (BCRA) average and closed at $ 38.30 at 15. At & # 39; National Bank, the day ended at $ 36.50 for purchase and $ 38.30 for sale HSBC at its highest price was $ 38.90.

The dollar was rising after a deep decline in the day after the G20. On Monday, weight was considered in tune with the rest of the money that is going on; emerging. Banco Nación paid US money on that $ 1.20 day, to reach $ 37.40 for sale. It was the 3.23% that was & # 39; falling, the exchange rate at that time returned to values ​​near the flotation band floor set by the BCRA.

The modification began at the time the entity guided by Guido Sandleris dropped the floor 60% for interest rates. The decision would have to be done with the decrease in expectations of inflation in the coming months. One day before that end, one pass was up

When the average Fair Bank made the measure to eliminate the 60% Liquidity Letters (Leliq) interest rate floor, the dollar responded to its huge price with a small increase of 5 cents and in its # 39; Shop with an increase of almost 40. That entity offered Wednesday These instruments were 59.1%, the lowest figure since the end of August.

The worst ones were scared, because by reducing the level of interest, the amount of investment could have gone to the dollar, which could be higher value added. So on Thursday, there was another pressure added: China's Huawei technology giant's chief executive was again replaced by the United States and China "war". Despite this, The dollar made a week a difficult time and closed this Friday on the snow.


Source link