According to the usual average of the Central Bank, the retail dollar closed the week at $ 39.51, more than 20 cents higher than the lock on Thursday. The exchange rate of the wholesale trade exceeded the highest level of the year and amounted to $ 38.62.
After starting the wheel under the non-intervention zone, at a sales value of around $ 38.17, the wholesaler recovered the strength after noon and crossed the floor of the flotation belt.
The Leliq rate rose for the first time since 3 January and amounted to 44.24%. According to market participants consulted by Reuters, investors turned to the reconstitution of dollar positions after Indec's inflation rate in January. The reported 2.9% was higher than expected and marked an acceleration since December.
The Central Bank has bought nearly US $ 1 billion so far this year. Occurs between auctions when the currency is placed under the trading floor.
The exchange rate has been adjusted around these prices in recent days, after the Central Bank accelerated the lowering of the interest rate of the Leliq to levels below 45 percent and, as a result, the yields of the conditions. firm will be cut at an average rate of less than 35 percent, based on the average of the financial system questioned by the monetary authority.
On Thursday, the BCRA slowed down to the limit the interest rate cut of the Leliq, which closed at 43.94%, a value almost equal to the previous day (43.97%). This could indicate greater caution because of the impact that the larger fall in inflation and exchange rates would have or the negotiations between banks and the monetary authority that marks the reference rate reached an equilibrium. At the same time, Indec reported that inflation in January was higher than expected: 2.9%.