MEXICO (10/AGO/2010) .- At the end of exchange operations in banks in the Mexican capital with a maximum dollar remains the sale of 12.77 pesos, the same amount reached on Wednesday. . For its part, the euro fell five cents against the peso against the previous close, when sold on Tuesday up 1.17 pesos, while the yen was offered in 0151 pesos. . According to the Bank of Mexico (Banxico), the exchange rate to settle liabilities denominated in foreign currency, payable in Mexico is of 12.6927 pesos. . BUY BANK SALE. Free 12.37 12.77 . Interbank 12.60 12.61. 16.47 Euro 16.74. 0144 Yen 0151. Free 12.38 12.68 . Interbank 12.59 12.60. 16.38 Euro 01.17 . 0150 0144 Yen . User acknowledges that the information and opinions about the content, comments, images, videos or information that are published or disseminated by third parties in the use of communication services and social networks in linking the participation of the information belongs only as determined by your creator and do not reflect the views or policies of UNION EDITORIAL, SA DE CV, so the user expressly releases PUBLISHERS UNION, SA DE CV, of any involvement of third party rights resulting from the reviews, images or content third.
Central Bank President Jose De Gregorio said on Tuesday that with the appreciation of the peso in relation to the greenback, the central bank may intervene in the market when it sees fit, but with a prior assessment of the Council. "The floating exchange rate currency intervention allowed in exceptional cases, as we have done on previous occasions," said De Gregorio, adding that "the Central Bank does not renounce the use of their instruments, but their use depends on the assessment made by the Council on its benefits and effectiveness are greater than the costs. While BC's highest authority recalled that the dollar has depreciated internationally acknowledged that "in the last month the nominal appreciation of the Chilean peso is higher than other emerging currencies, from a longer perspective, is comparable to what happened to other currencies . The owner of the central bank added that the free floating system that moves in the Chilean peso could bring more volatility and uncertainty in the short term. However, "these costs are not enough to offset the benefits of floating." I wonder if someone is skilled in the art, which is or are or measures with which the central bank intervenes to prevent the fall of the dollar .... thank you .... Aracelis estimated, the central bank when you make "dirty float", bought or sold dollars in the market. To prevent the fall of the dollar, the central bank should be devoted to buying, to reduce the amount of dollars available in the market, thereby increasing its price, ie a weight depresiacion. This increases international reserves that has chile in dollars, but also increases the amount of money ($) that is in circulation, which results in the largest consumer Dela decrease interest rate (theoretically), so , could bring inflation, so that deals in extreme cases, but then with other economic policies can control this effect. It is supposed shortened term $ U.S.. Would have to raise or assert more ... Consequently we have to start buying $ US.antes come up. I will invest the bonus dieciochero in buying dollars ... especially after the dollar's rise sell and buy shares of Lan .... okay.?. This Sunday the Christian Democrats held their primary elections to renew your policy, the first vote in the party after the Coalition's defeat in the presidential elections.
Gold has a huge upside potential, especially in times of uncertainty they face. But there are also bad news for the sector. The last of these is the flexibility of the yuan, announced on Saturday 19 June by the People's Bank of China (the monetary authority). The changes announced by the central bank implies a return to the exchange rate regime that prevailed before the ingenious invention of mortgages and bonds subprime plunge the world into its worst economic crisis since the Great Depression of the 30s. He started the crisis and the Chinese authorities, who also have a strong political sense and practical freeze quickly chose the path of the facts, the yuan exchange rate to a range of 6.82 to 6.83 per U.S. dollar . The new flexibility, which is resulting in a more expensive yuan, is negative for gold price is also a meteoric career, with over 30% appreciation in 12 months. The potential of gold lies in its capacity as investment refuge (safe haven) to international economic pressures. A more flexible yuan, which now returns to oscillate within a range of 0.5% daily about their central rate on a basket of currencies, very significantly eases the growing pressures between the U.S. and China. Bad for the gold. Moreover, the decision, after 23 months indicates that the static yuan Peking sees light at the end of the tunnel and this is pretty big too, because this year is expected to an enviable GDP growth rate of 10%. Too bad for gold. China, competing with India as the largest consumer of gold in the world. According to data from the World Gold Council, jewelry consumption in China reached in the first quarter of this year, 112.7 tons, representing 23% of world total and an increase of 11% over last year. China is also the largest producer in the world, so it is able to meet much of its domestic demand. The increase in value of the yuan has a domestic derivative, which is the increased capacity of local consumers to buy gold, which is internationally priced in dollars, that could drive up gold, but from firms such as HSBC is considered that this change will not take significant quotation. The gold is found in the environment of $ 1,245 per ounce, while the yuan has reached its peak in five years (ie since it began more flexible exchange rate set a decade after the dollar) to contribute to 6.789 yuan dollar. In the futures market which is expected is a maximum of 2% appreciation year over the next five years. But in the financial world everything can change from night to morning. There is a possibility that the yuan is not revalued but depreciate against the dollar. This would happen if the euro turns to peer into the free fall of a few weeks ago. The Chinese currency traded against a basket of currencies and something not like anything at all in Beijing are the fluctuations in the price, if the euro goes down, the weight of the dollar increase. In the long run, bad news for gold could become good. That's because the precious metal also acts as a shelter against inflation and a more expensive yuan will result in the world in greater inflationary pressure. But, given the objectives of the Chinese authorities is to see that inflationary pressures materialize quickly. One thing, in the last five years, the yuan has become more expensive by almost 20% against the dollar Have you seen the slightest trace of inflation? No, of course, the crisis has settled everything. There must be careful. For QuInvertir in GOLD?. GOLD Produccin in Argentina.

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