Devalvirale are also regional currencies in bicycles, where raising the level of Leliq to 66.65% did not stop nervousness.
The retail dollar rose yesterday by 83 cents and closed on average $ 42.86 (in many entities it exceeded 43 pesos) due to the sale rate, in accordance with the strength of the US currency and, consequently, the devaluation of the remaining currencies. regional
Real has dominated the regional list with a 2.60% devaluation, 1.80% Chilean pesos, 1.30% Mexican pes, and 1.83% argentine pesos.
Meanwhile, the wholesale exchange rate closed at $ 41.60 for the purchase and $ 41.80, up 75 cents above the end yesterday.
The central bank yesterday confirmed a new increase of 89.7 basis points in the Leliq ratio, which ended with an average of 66.65% for the assigned amount of 210.027 million USD.
With the result of the first auction by Leliq, the quotation reduced a significant initial raise with a decrease, which caused him to spin around $ 42 due to the many ups and downs in several passages.
In the last part of the session and after adjusting the interest rates set by the central bank, the dollar accelerated the decline, adjusted to close at the lowest value of $ 41.80. The volume of trading increased by 7% to USD 677 million.
"International nervousness has infected local business development," said Gustavo Quintana, PR Corredores de Cambios, an analyst at the company.
Fernando Izzo of ABC Mercado de Cambios explained that the daily depreciation of 1.83% of the Argentine beet was accompanied by a loss of 2.60% of the Brazilian reality; 1.80% Chilean pesos; and 1.30% of the Mexican peso.
In the case of Argentina, unlike other countries, Izza said, "we do not have enough income for exporters in general."
Claudio García, of Oubiña Cambios, agreed that he would be the next "hard week" and stressed that Brazil was "yesterday and today a miracle that pushes us".
Federico Furiase, chief economist at Estudio Eco Go, also expects "volatility" in the last week of March.
"We are very exposed to the risk of entry / exit of international markets and the poetic noise of the election year," he said, adding that the BCRA still decisively raises the level of Leliq, the fixed conditions continue to adjust, we are in balance with higher inflation and higher volatility. "
He added: "We are high beta, we have a political risk and a wide path of the zone without mediation".
On the other hand, the central reserve on Friday fell by $ 163 million to $ 68,037 million.
Black Friday on the stock market
At a time when the dollar rose by 2% on the wholesale stock market, the Merval index fell by 3.7%.
"New fears of economic slowdown in Europe, and especially in Germany, have weakened the confidence of markets. At the local level and according to a scenario that seems complicated for emerging countries, some noise was expected, "said Portfolio Personal Inversiones.
The fear of a global slowdown reoccurs again in the spotlight after the publication of data showing that the euro zone's business activity contracted the fastest in almost six years.
But the most worried investors were that the US yield curve reversed for the first time since 2007, which turned out to be a prediction of recessions.
In this context, the worst results on the domestic market were recorded by Banco Macro (-7.3%); Edenor (-6.2%); and Galicia (-6%) t
On Wall Street, the Argentine ADR fell to 9.3% (Banco Macro).
In the meantime, the country's risk rose to 769 basis points yesterday.
13% of the 170,000 families who received UVA credit for the purchase of apartments in January demanded the use of the recalculation clause clause by extending the payment terms in accordance with the registration of the College of Real Estate Capital Brokers.