Slight decrease in the price of the dollar after the intervention of the BCRA:: The Coastline – News – Santa Fe – Argentina

For sales of official banks and intervention in Central Bank futures, the dollar reversed this Thursday the slight increase with which it operated in large part of the wheel and fell eight cents to $ 59.07 in banks and agencies of the city of Buenos Aires, according to the average of Scope.

Meanwhile, in the National Bank the greenback closed at $ 58.50 for sale, while in the electronic channel it reached $ 58.45.

The retail ticket was decoupled from the Single and Foreign Exchange Market (MULC), where the currency rose five cents to $ 56.57, in a wheel with very little volume operated and in which the BCRA validated the fifth consecutive low of the rate of monetary policy.

"The official regulation strategy used to date all available resources to abort another strong correction of the wholesale exchange rate, but without altering the upward trend that accompanied the improvement of the dollar against other regional currencies at times," said Gustavo Quintana, operator of PR Exchange Brokers.

The US currency operated with a mixed route that led to initial increases with a final decline justified by official intervention in the different market segments and with an improvement in the flow of private income.

The minimum prices were recorded at $ 56.55 with the first transaction agreed, three cents above the values ​​recorded in the previous final. The demand operated with some intensity in the first part of the session, during which time they climbed positions until they hit highs at $ 56.65.

It should be noted that to the official intervention with cash sales of official banks, the presence of the monetary authority in the futures markets with sales in the shortest terms was added later with the intention of stimulating the disarmament of positions and income of genuine funds.

In this context, the volume operated in the cash segment was US $ 315,229 million.

The Coastline | Ambito.com