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Home / argentina / Dollar today: falling below $ 38 after the announcement of the US Federal Reserve. – 31.01.2019

Dollar today: falling below $ 38 after the announcement of the US Federal Reserve. – 31.01.2019



The dollar started the tenth day under the band without intervention. Within a few hours after the Monetary Policy Committee decides whether to increase and how much money is allowed to buy foreign currency – and thereby achieve increased demand, inject more cuts and reduce the dollar a sharp drop of 48 cents to $ 37 in the wholesale marketThe bottom of the non-intervention band is $ 37.61.

The central bank went early to buy. He bought $ 50 million at an average price of $ 37.08, with a maximum of $ 37.10. As of January 10, when shopping began, $ 560 million was added to the reserve.

Meanwhile, in retail market, dollar falls 50 cents to $ 37.90 in Banco NaciónOn Wednesday, the currency was closed at $ 38.59, according to banks' average. These are values ​​that have not been seen since last December.

The dollar followed the same path as in other countries in the region, where all currencies – from Brazil to Mexico – were revalued.

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The dollar's fall in Latin America is linked to the US Federal Reserve Declaration keep a cautious attitude about raising the rate. The Fed kept the key interest rate unchanged and, furthermore, eliminated the reference to a "gradual increase" in its statement, which marked a flexible approach to reducing the bond portfolio and implied that future exchange rate fluctuations could even be a court.

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Optimism for emerging markets after the decision of the North American central bank also affects the country's risk, which falls to 0.87%, to 683 points. This means that between Argentine bonds and those in the United States there is a difference of 6.83%, which is considered the safest. The 10-year US Treasury Bond also fell to 2.67%.


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