Monday, August 26, 2019

Dollar renews maximum in almost one year with uncertainty about liquidity and outer skittish

SÃO PAULO (Reuters)-The dollar began the week in new high against the real, renewing the maximum in almost a year, with the market anxious about domestic liquidity offerings having as a backdrop an environment of commercial uncertainty abroad. The dollar at sight closed with 0.37% appreciation, 4.1396 reais on sale. It is the highest level for a session termination since September 18, 2018 (4.1422 reais on sale). In the intraditionary maximum of the sale, the dollar at sight came out to 4.1640 reais. By the purchase rates, the highest quotation was 4.1624 reais, higher level during the business since September 19, 2018 (4.1752 reais in the purchase). The external scenario skittish has returned to regret on the exchange, and analysts have highlighted the persistence of the fragility of the real, which in August manages to have better performance only than the combable Argentine peso. The new high dollar day occurred in spite of the Central bank announcing, on Friday night, that it will sequence in September the exchange of exchange swaps for dollars of the reserves, in operation that can put on the market in sight up to 11.6 billion dollars. "There begins to be more commentary on the need for the BC to be more active and make sale of ' new ' dollars of the reserves," said a manager, under the condition of anonymity. Another professional drew attention to the maturity of 3.8 billion dollars in currency lines with repurchase commitment scheduled for the beginning of September. To date, the BC has not announced the scrolling of these resources, which has increased the anxiety of exchange professionals at the risk of this amount or part of it being withdrawn from the system.
Reuters - 26/08/2019 News Item translated automatically
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