Saturday , April 17 2021

The dollar fell again ($ 38.65), and BCRA raised the Leliq rate

In seven days, the central bank (BCRA) pledged 156.296 million lats of liquidity bills ("Leliq") with an average annual rate of 59.13% (on Tuesday, it closed 58.97%). The maximum allowable profit was 59.50% and the minimum value was 58.45%.

The domestic market also changed according to a world where the dollar index fell by 0.2% compared to the basket of currencies, after US consumer prices remained unchanged in November. In Brazil, it decreased by 1.2%, in Mexico it was by 0.4%, while in Chile it was by 0.7%.

"Dollar supply improvements halted the first two days of this week's uptrend, adjusting the prices to the lowest level since last Monday," said Corredores de Cambio. They added that "the slightest adjustment of the Lėlka interest rate set by the central bank helped to stop the appreciation of the currency that at some point threatened to recover it to 38 dollars."

In the unofficial market, for example, the blue price has stabilized at $ 37.50, while liquid money is six cent for $ 37.65.

The international BCRA reserve increased by USD 93 million and ended with USD 49,882 million.

The Buenos Aires Stock Exchange rose in line with external markets, optimistic about world trade and a partial weakening of the dollar. Mervals increased by 0.4% to 31,081 points supported by energy-led purchases.

The main increase was due to Transportadora de Gas del Norte (2.9%), Ternium (1.9%) and Edenor (1.7%). In contrast, Aluar (-1.7%), Banco Francés (-1.6%) and Banco Supervielle (-0.2%) recorded major losses.

Analyst Eduardo Fernandez from Rava Bursatil said that "although the local square was trying to make a new improvement, it was just a technical rebound. It's very difficult to start a big bullish process with almost 500 million dollars."

On the other hand, economist Gustavs Biers said that "the locally redefined domestic locally regained assets of the Nordic countries have recovered technically, although both shares and bonds with relative moderation and selectivity, as evidenced by the country's risk, are still close to 750 basis points, which diverges from the resumption of external credit resources ".

Major dollar bonds (quoted pessaries) began to increase. Bonar 2024 rose 0.65%, Bonar 2020 – 0.7%, and Argentina's statutory discount – 1.44%. So many titles, according to the New York law in dollars, rose to 0.9%. The country's risk index in the JP Morgan Bank fell by 2.11% to 741 basis points.

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