Monday , December 6 2021

The dollar recovered to $ 39.33, maximum for 3 weeks (BCRA captured liquidity of the last Lebac)


The US currency resumed the bullish road for a slight recovery in demand for coverage, What led the currency on the Single and Free Exchange Market (MULC), where it rose 11 cents to 38.37 dollars, with a total amount driven from U $ S 501.9 million (10% lower than that recorded in the evening).

"The floor defined a little over 38 dollars, seems difficult to drill at the moment, and predicts a December close not too far from the current level," analyst Gustavo Quintana said.

In addition to being aware of the Fed, which increased prices as expected, the operators drew attention impact that the last Lebac exit may have on the market, for total 68.618 million dollars.

but BCRA managed to absorb the bulk of this expansion and validated a slight progress in the Leliq rate, which amounted to 59.45% (from the previous 59.44%), the highest since the authority removed 60% floor (at the beginning of the month).

In this way, the volume increased in Leliq (to 9 days), of $ 51,105 million, and placed in total $ 207,401 million, with a maximum rating of 59.90% and at least 58.80%.

After the closure of the local market, even if Fed Higher interest rates – something predicted by the market – predicted lower interest rate hikes next year.

In addition, he noted that his bike of monetary tightening ceased in times of volatility in the financial markets and the slowdown in the world economy.

The message from the Fed primarily does not fall too well on Wall Street, which reacted with an acceleration of losses, while the dollar in the world happened to work in hausse terrain.

Other money markets

In the informal market, for its part, Blue climbed 50 cents to $ 39, and approached the official quote, according to the study of this medium in caves in central Buenos Aires. Meanwhile, "calculated with liqui" fell eight cents to $ 38.49.

In the money market between banks, call money is driven by an average of 57%.

Meanwhile, in the ROFEX futures market, $ 849 million was traded, of which over 55 percent were agreed between December and January, with final prices of $ 38.94 and $ 40.84 at prices of 60, 25% and 54.64% respectively.

Finally, the international reserves for BCRA increased US $ 65 million to US $ 58,707 million.

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