translated from Spanish: The dollar closed a $42,20 hot week after a strong rise in rates

the value of the dollar at the retail level receded Friday 2.64% and closed at an average of $42,26, a day in which the Central Bank validated a strong rise in the interest rate liquidity of letters (Leliq) – which was located just below the 60% – then that the dollar will reach on Thursday a new brand record by reaching $43, 50.En the Board of the National Bank, the greenback closed the week at $42,20 for sale and $ 40,20 for purchase.

The wholesaler, meanwhile, closed your quote of the day to $41.19, $1.15 below the previous closing.
The rates returned to the level of January with Central Bank intervention and after the second bid of Leliq of the day at an average rate of 59,061%. This result was given then the Monetary Authority this morning through a first auction – starting a new modality launched today – in which the interest rate was 56,765%, against 51,862% Thursday. As it transpired, the Central authorities decided to unfold the bid of Leliq to “improve the signal of monetary policy” and “calibrate” accurately the liquidity of the market, in moments of a manifest pressure of coverage in dollars and weakness of the weight. In this note:

Original source in Spanish