Thursday, August 18

Dollar: gap of the “regulated” CCL with the official exceeded 80% for the first time in the year

With greater force, the so-called “free” CCL, operated via bilateral negotiations or through ADRs, exhibited a new advance to reach the $ 197 / $ 198 zone according to market sources.

Also, the dollar MEP o The regulated stock market also increased by the same magnitude as the CCL to close the wheel at $ 178.83, which left a gap of 80%.

The founder of the financial education portal, Sergio Morales, remarked that the pressure on financial dollars continues due to the greater uncertainty about economic policies and high levels of inflation, “which in September accelerated to 3.5%, well above what the market expected.

“At the same time, fear grows in the City about greater regulation towards the acquisition of financial dollars, taking into account the latest measures applied by the Central Bank (BCRA) to maintain the reference price of MEP dollars at artificially low levels. and CCL via sovereign bonds for electoral reasons, “added the specialist.

A greater pressure was perceived this Thursday also in the informal segment, where the blue scored its third advance in a row by climbing $ 3 and reaching $ 191. Therefore, the gap with the official amounted to 92.2%, the highest level since January.

“Greater dynamics are exhibited by free exchange rates as they continue to rise without haste or pause, thus adding pressure to the ‘gap’ due to the risk associated with greater monetary issuance in a climate of distrust where economic agents lean towards coverage, “said the economist Gustavo Ber.

In the meantime, the Central Bank (BCRA) bought US $ 2 million in the wholesale segment, which led to its tenth day without sales. In this way, so far this month it accumulates a positive balance of more than US $ 500 million.

The improvement in the accumulation of foreign currency coincided with the new restrictions imposed to operate with financial dollars, which had the objective of reducing the magnitude of the BCRA’s intervention in the stock market (via loss of reserves) to control MEP prices. and the CCL.

“The second half of October presents a scenario with an improvement in authorized demand, destined to the payment of obligations with the exterior for imports, which reduces the Central’s purchasing capacity, but without, for the moment, re-resigning its own resources that reduce the result obtained so far “, stated the analyst Gustavo Quintana placeholder image.

The gross international reserves of the monetary authority climbed US $ 16 million this Thursday to US $ 43,005 million. Since October 14, they did not close a wheel above US $ 43,000 million.

Official dollar

The dollar today It ended almost stable this Thursday at $ 104.89 -without taxes-, according to the average of the main banks in the financial system. In turn, the retail value of the US dollar remained stable at $ 104.75 at Banco Nación.

The Savings dollar or solidarity dollar -which includes 30% of the COUNTRY tax, and 35% to Profit account- rose two cents to $ 173.07.

In line with these limited movements, the wholesaler advanced two cents to $ 99.37, In a wheel in which the monetary authority slowed down the pace of adjustment imposed since the beginning of the week, which now suggests a rise in the price lower than that of the previous week.

In a day with few nuances and with a volume traded just below the average for the month, the US currency once again operated with a balanced tone, under the permanent supervision of official regulation.

The highs were noted shortly after the wheel began at $ 99.38, three cents above the previous end. Private supply and demand were exhibited with a relative balance and with some alternation in the domain during the development of the session. The lows were recorded by averaging the last tranche of the day at $ 99.36, as a result of slight pressure from sell orders in the market. A punctual reaction of the authorized purchase orders corrected the price to bring it to the end with a minimal advance compared to the intraday floor.