Dollar: After official intervention, exchange rates operate more stability

Dollar: After official intervention, exchange rates operate more stability

Prices are stabilized after the strong pressure suffered at the beginning of the previous wheel, which was moderated towards the closure thanks to the official intervention in the futures market.

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In the segment wholesalerwhich is the market reference, the dollar is sold to $ 1,260 per unit. In turn, the Retail official dollar It quotes at $ 1,232.16 for purchase and $ 1,278.26 For sale In the average of the financial institutions published by the Central Bank (BCRA). Meanwhile, in the National Bank The ticket operates $ 1,220 for purchase and $ 1,270 for sale.

In this way prices They stabilize after Previous day They suffered a strong pressure At the beginning of the wheel that later moderated About the end with the official intervention in the futures market.

On Tuesday, the Central Bank reactivated the Passive passes –A instrument that I did not use from the outflow – to absorb pesos and Recalibrate short -term rates, which jumped to 36% per year. Everything happened in the midst of the Lefis disarmament complex, a measure that is part of the process of Transition to a new monetary policy based on aggregates.

“When the BCRA identifies a situation that has the potential to generate imbalances, it has the mandate by Organic Chart Rest market. Are 24 -hour operations“Entity sources specified.

As clarified, these are maneuvers “Transitional” Before market conditions, which vary continuously. The monetary entity hopes that the tender of the Treasury will re -modify current situation.

“Beyond these external fluctuations, Political noise and local economic novelties have been concentrating the greatest attention among investors from the repercussions of the Lefis effect on the dollarfutures and a more volatile interest rate, in search of a delicate balance to preserve exchange calm, “said Gustavo Ber.

For this expert, The operators are attentive to the slightest offer that would begin to be evidenced next week, and try to anticipate the demand response – In a pre -election stage – in the face of a higher real exchange rate. “This is because this combo would end the dynamics of the exchange square, with the dollar and a period of greater stabilization after the last slide close to 10%,” he said.

Source: Ambito

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