The Wholesale Dollar Dropped to $1,522, but Remains Close to Peaks
7 Articles
7 Articles
The wholesale dollar was renegotiated with a slight decrease of $2.50, equivalent to 0.2%, and ended the day at $1,522.
The official dollar fell on Tuesday, September 29, but was held close to historical nominal peaks, despite noting its second fall in thread. The market closely followed the demand for coverage, the lower rate of accumulation of reserves of the Central Bank (Bcra) and a less favorable international scenario for the emerging ones.
Buenos Aires, 29 September (NA) -- The wholesale dollar fell this Tuesday for the second consecutive day, although it still remained close to historical nominal peaks. The operators followed the demand for coverage, the lower rate of accumulation of reserves of the Central Bank (BCRA) and a less favorable international scenario for the emerging ones. The wholesaler lost $2.5 to $1.522 and kept the pressure above the $1.520 band. Thus, it was loc…
The currency scored its second consecutive fall in the official square while the Central Bank faces a lower rate of currency accumulation.
After accumulating four consecutive days on the rise and playing a new nominal maximum last week, the wholesale dollar tore off the operation with a slight downward correction, reaching $1,524.5. Despite this retrocession of $1, the currency was firmly consolidated above the threshold of $1,520 in a cross-framed frame [...]
The demand for hedging and a more adverse international scenario for emerging ones re-stressed the markets.
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