In the world
The dollar rises before the decision of the Federal Reserve of the United States is known at its monetary policy meeting, in which it is expected to lower interest rates by a quarter of a percentage point.
The dollar index that measures the US currency against a basket of six currencies rose only 0.2% to 98.43 units.
With recent solid economic data, some market agents are buying dollars in case the Fed offers signs of greater confidence.
The dollar has recently been motivated by trade tensions between Washington and Beijing rather than monetary policy. The dollar has gained about 1% against the yen since the last rate reduction in July.
Dollar "counted with liqui" and dollar MEP
In the financial markets, the dollar "counted with liqui" – which arises from the purchase of bonds or shares, and its subsequent sale abroad to make foreign exchange – fell 38 cents yesterday to $ 68.65, so the gap with the Wholesale currency slightly declined to 21.5%.
In contrast, the MEP dollar rebounded 1.8% to $ 65.80, which implied a 16.5% gap against the price in the MULC.
Fees and reservations
The average total rate on Tuesday, equivalent to the monetary policy rate was 83,460% and the total amount awarded was $ 195,227 million.
The Central Bank held the first auction of Letters of Liquidity (Leliq) on Tuesday, 7 days in the amount of $ 42,309 million, at an average cut-off rate that stood at 83.242%. Meanwhile, the minimum rate awarded was 82.998% and the maximum was 83.85%.
The second auction was $ 152,918 million at an average cut-off rate that stood at 83,521%, with the minimum rate being 82,002% and the maximum rate being 83,85%. On the day it did not renew $ 40,106 million.
In the money market between banks, the call money operated at 72%.
The ROFEX operated US $ 2,775 million; a 7% decrease compared to Monday. The shorter terms concentrated almost 60% of the businesses. While the months of September and October ended up operating at $ 58.60 and $ 64.78; with a rate of 104.36% and 121.57%, they indicated from ABC Mercado de Cambios. And they added that all terms showed average increases of more than 2%.
On the other hand, the reserves of the Central Bank on Tuesday lowered another $ 88 million to $ 49,880 million.