Monday, January 17

Dollar: the CCL fell 4% and the BCRA sold $ 70 million

For its part, the MEP rose 1.4% to $ 203.33. Consequently, the spread with the official quotation exceeded 100% for the first time in six days, reaching 101.1%.

In yesterday’s round, the BCRA sold US $ 70 million in the exchange market after having bought about US $ 10 million in the previous round. During November, the monetary authority sacrificed some $ 890 million of its reserves. For the analyst Gustavo Quintana, “the insufficiency of the genuine supply once again required official assistance to meet the authorized demand, inaugurating the month with red balances for the intervention of the Central Bank.”

The specialist added that “the probable acceleration in the rate of adjustment of the dollar in the wholesale segment, recognized by the statements of the President of the Central Bank, may stimulate higher demand for foreign currency and a symmetrical decrease in genuine supply, both factors that complicate the official strategy to mitigate the loss of reserves in the first part of December ”.

He also pointed out that “financial dollars continue to act as ‘thermometers’ of said expectations, with a still inclination towards coverage, pending progress in the negotiations with the IMF that may contribute to reversing the climate of mistrust.”

The official retail dollar advanced five cents to $ 106.60, while the solidarity dollar rose eight cents to $ 175.89. The wholesale dollar, meanwhile, rose 10 cents to $ 101.10, under BCRA regulation.

The blue, meanwhile, touched a two-week low after erasing the initial rally and closed stable at $ 200.50. The parallel ticket came off its biggest drop in almost three weeks on Wednesday (- $ 1).