The dollar rose to $ 58.41 and the Central Bank had to sell reserves to contain it after the elimination of the roll

"The insufficiency of the genuine supply to meet the demand for foreign exchange forced the Central Bank to reappear in the market to prevent that scenario from having a direct impact on the dollar's price with a rise that would separate it from the current levels significantly", said Gustavo Quintana, operator of PR Exchange Brokers.

And he added that the jealous supervision exercised by the monetary authority limits the movements of the exchange rate – around $ 56.20 – and tries to sustain it in a range of fluctuation that remains on a path of relative stability.

The North American currency operated with a mixed tendency in a wheel that presented the particularity of the reappearance of the Central Bank in the different market segments.

The demand for coverage was very active in the first part of the day, with prices operating on the rise due to the insufficiency of the genuine offer. In this period, prices touched the maximums of the date when trading at $ 56.31, thirteen cents above the values ​​recorded in the previous end.

However, the reappearance of the BCRA with sales in the sector where banks and companies operate, added to its renewed participation in the futures markets, managed to supply the purchase orders pending execution while forcing low prices that started a path. descending that stopped when touching minimums in the $ 56.08 in the last half hour of operations.

The volume operated increased 6.5%, reaching a total of US $ 425 million. "It was because the demand of banks, companies and investors did not yield and the supply of export is very low by the cereal and out of the commercial cycle," said Fernando Izzo, ABC Market Exchange.

It should be noted that the central bank yesterday, a new regulation was established to limit speculation in the foreign exchange market with the purchase and sale of public securities at different prices.

The provision stipulates that people who buy foreign currency must submit an affidavit stating that the funds purchased will not be used to purchase other securities within five business days after the transaction.

In its eagerness to strengthen exchange control, The National Securities Commission (CNV) announced Thursday that it will be mandatory since Friday to retain at least 48 hours a negotiable value in dollars after its acquisition.

Leliq Rate

The total average rate of the day equivalent to the monetary policy rate and validated by the Central Bank was 85.991%. The total amount awarded was $ 216,570 million.

The central bank held the first auction Liquidity Letters (Leliq) 7-day term for an amount awarded of $ 115,681 million, at an average cut-off rate that stood at 85.991%, the minimum rate being 85,500% and the maximum being 86,0001%.

In the second auction it was $ 100,890 million at an average cut-off rate that stood at 85,992%, with the minimum adjudicated rate of 85.50% and the maximum being 86,0001%.

Dollar blue, "counted on Liqui" and BCRA reserves

In the informal market, the blue dollar jumped $ 1.25 or 2.1% to $ 60 in caves of the city of Buenos Aires, according to sources consulted by Ámbito. In this way, the difference with the officer was expanded to 2.7%.

For its part, the dollar "counted with liquidation" rose 1.7% to $ 68.78, so the gap with the wholesale currency extended to 22.6%, while The MEP dollar jumped 2.7% to $ 64.81 (which implies a 15.4% gap compared to the price in the MULC).

In the money market between banks, the call money operated at 70%. Meanwhile, the ROFEX operated $ 306 million, which represents a slight increase of 4% compared to Wednesday.

“The shorter terms concentrated more than 50% of the businesses and the final prices for the months of September and October ended up operating at $ 58.23 and $ 62.53; with a rate of 76.99% and 85.38% ”, indicated from ABC Mercado de Cambios. And they added that "all terms rose more than 1.5% from November and October with a slight rise of 0.5%."

By last, The reserves of the Central Bank dropped this Thursday $ 88 million to $ 50,145 million.