The dollar marked the biggest increase of the year and approached the floor of the area


The average purchase price was US $ 37.1322, with the maximum purchase price of US $ 37.14.

He tuned in to the retail segment, where the currency advanced 45 cents to $ 38.60 in banks and agencies of the city of Buenos Aires, according to the average

In addition, the Central Bank Send "Liquidity (& # 39; Leliq & # 39;)" Ringtone to your Cell for $ 150,000 million at an average low rate of 55.639% per year for seven days (on Monday it had closed at 56.314%). The maximum rate assigned was 55.949%, with a minimum of 54.978%.

"The imminence of the end of the month and the necessary process of closing positions and hedges seemed to accentuate today with a greater appetite for dollarization of portfolios but in a scenario that did not abandon the characteristic of tranquility and with few surprises", analyzed the operator Gustavo Quintana, from PR Corredores de Cambio.

From the ABC Exchange Market they pointed out that the amount of free weights after the bidding of Leliq "This allowed bank operators to buy the currency on the basis of their own and corporate hedge orders, and even from investors who took positions, produced the sharp jump in the dollar value of the wholesale".

They added that "it is clear that in the last days of the month, the exchange rate tends to rise due to the coverage of banks, companies and investors, who leave futures and should have money to position themselves or make money abroad." .

Prices advanced unevenly and were driven by slightly more consistent demand in the last part of the day, shortening the distance from the lower boundary of the non-intervention zone.

The write-offs were recorded shortly after the trading session began, when transactions were traded at $ 37.13, just two cents below the previous end. Demand for hedging was sharper in the latter part of the session, forcing a dollar price hike that peaked at $ 37.70 at the end of the session.

The total wholesale dollar volume was $ 768 million, down 8 percent from Monday.

The increase in the currency registered today in the local market is the opposite of the region, where the real appreciated by 1.1%; the Chilean peso gained 0.7% and the Mexican peso 0.3%.

Other Markets

The call money fell on Tuesday about 700 basis points, 45% per year average of one day (on average, it operated on average 53% a year), in a market that adapts in liquidity to the recent bidding for Treasury and BCRA securities.

"The excess weight of the offers makes the rate of low mark, "said a bank operator.

At the ROFEX, US $ 1,435 million were operated, of which more than 50% were agreed in terms of January and February, operating at the end at US $ 37.79 and US $ 39; with rates of 43.57% and 41.95%, respectively. Sometimes the sellers disappeared when the cash market showed such a sharp increase. The terms were up in all terms, increasing on average more than $ 0.40; less than the point which showed a larger increase.

In the informal square, in turn, the advanced blue 25 cents one $ 38.50, according to the research of this medium in caves of the center of Buenos Aires. Meanwhile, "contad con liqui" on Friday gave 47 cents to $ 37.01.

Meanwhile, Central Bank Reserves They increased $ 14 million on Monday to $ 66,427 million.


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