South Korea Economy: Record Volume & Currency Decline
- teh market remains expectant regarding interest rate volatility following recent debt tenders in pesos.
- The official wholesale dollar registered its 12th consecutive decline, accompanied by high trading volume.
- The wholesale dollar, a key market indicator, decreased by 50 cents to $1,292.50, marking the highest trading volume since the end of April.
Argentine Peso Volatility: wholesale Dollar Continues Downward Trend
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teh market remains expectant regarding interest rate volatility following recent debt tenders in pesos. Banco Nación’s rate yielded $1,310.
The official wholesale dollar registered its 12th consecutive decline, accompanied by high trading volume. These movements are linked to the volatility of interest rates following the “Rollover” tender and the emergency auction.
The wholesale dollar, a key market indicator, decreased by 50 cents to $1,292.50, marking the highest trading volume since the end of April.
The retail dollar fell to $1,312.80 for sale at average financial institutions, while the Nation Bank (BNA) rate decreased to $1,310. Consequently, the Card or tourist dollar and the Savings dollar (official retail plus a 30% surcharge) reached $1,703.
Future contracts for August and September showed declines, while the remaining contracts ended up.
