The dollar is back on the floor of the exchange belt

The main financial variables yesterday ended with encouraging results, among those who stood out a 14 cents drop in the retail market and a collapse of state risk, which was one step away from the barrier of 700 basis points.

The North American currency fell again yesterday after a reversal recorded in its previous session finished at $ 36.55 for a purchase and $ 38.49 for sale in bank tables and exchange offices.

Wholesale dollar, that banks and large companies negotiate in an open-market electronic market (MAE), It declined by 23 cents and closed the day at $ 37.17 for a purchase and $ 37.37 for sale.

So, again approached the band without intervening (yesterday it amounted to $ 37,331), which started to run the central bank at the beginning of October last year, in the context of a new and more aggressive monetary policy for easing fever in the foreign exchange sector and stopping the inflationary race.

Operators have recognized growing expectations about the possibility that the wholesale dollar will penetrate the lower part of the range, thus enabling the monetary authority to pursue the purchase of foreign currency in order to avoid greater devaluation and strengthen reserves.

The Central Bank took advantage of the situation on the stock market in order to continue to reduce the level of liquidity accounts (Leliq), which represent a market reference. The monetary authority that implements Guido Sandleris Yesterday she sold seven-day letters for the joint 155,303 million pesos. In the operation, the average rate was 58.782%.

Measuring indicator JP Morgan withdrew yesterday by 2.8 percent and remained around 708 base pointsthe lowest level since the beginning of December.

Risk for the country (which is explained by the difference between the rates paid by Argentinian bonds and the rates of US government bonds) he extended his fall to avoid the maximum of 830 points he touched at the end of last month.

The stock market ended with a significant increase, which was in favor of the good functioning of the reference markets, The stock market in Buenos Aires advanced by 2.9%.