Saturday, December 4

Financial dollars recorded second fall in a row in an atypical day due to a holiday in the US

While, the versions of the CCL that are traded with other assets (called “free” before the elections) traded close to $ 214, which reflects the convergence of prices.

Likewise, the MEP dollar contracted 0.6% to $ 203.55, so the spread with the wholesaler, which is regulated by the BCRA, fell to 102.2%.

During the wheel, the directory of central bank (BCRA) decided to relax the recent regulations on the composition of the global net foreign currency position of financial institutions, which basically did not allow them to increase their holdings in dollars.

“Thanks to this modification, the Financial System may return to a neutral foreign currency spot exchange position“, indicated the monetary authority in a statement, whose measure will take effect as of December.

Before the general elections, on November 4, and in the midst of a growing exchange rate tension (when the blue had touched $ 200 for the first time), the BCRA had ruled that financial entities could not increase their global position in foreign currency until the end of the month, in order to avoid speculation about possible jumps in the exchange rate.

blue dollar

The blue dollar registered its first rise of the week, which is why the gap with the official approached 100% again, according to a survey of Ambit in the Black Market of Foreign Currency. Even so, the currency continues to accumulate in the month, and in the year, an adjustment lower than the inflation rate.

After two consecutive falls, the informal raised 50 cents this Thursday to culminate in $ 201. Therefore, the gap between the parallel and the official climbed to 99.6%. In parallel, the price it was less than $ 3 from the MEP and narrowed its difference with the CCL.

Official dollar

The wholesale dollar, for its part, rose six cents to $ 100.68, under the strict regulation of the BCRA, in a wheel that operated with slightly more variations and less volume as a result of the United States holiday.

The Central Bank ended with a neutral result, after having bought about US $ 130 million in the previous session, by taking advantage of exporters’ anticipated sales on the eve of a US holiday. This helped to see a greater normalization between the supply of foreign exchange from the export sector and the demand, mainly from importers. In this way, you have three wheels without net sales.

Thus, the monetary authority’s sales in the foreign exchange market fell to $ 630 million in November.

In the wholesale segment, prices exhibited an upward trend but always with an evolution directed by official interventions.

The lows were recorded at $ 100.68 shortly into the session, six cents above the previous end. Inactivity in the United States limited the possibility of carrying out operations, circumscribing them to those carried out to be settled as of tomorrow and those that financial entities were able to carry out against the dollar accounts opened at the Central Bank. In an environment with a low amount of operations, prices were climbing positions until reaching specific maximums of $ 100.73, a level corrected by the interventions of the monetary authority, which accommodated them on closing at the initial minimums.

In this way, the wholesale exchange rate accumulates an increase of 22 cents during the week and, with one wheel ahead to end it, is one step away from meeting or exceeding the correction of the previous week.

“The lower activity of the date, derived from the holiday in the United States, postpones for the next few days a more rigorous analysis of the evolution of the wholesale dollarBut everything suggests that November will end with a scenario similar to that of the previous month, “said analyst Gustavo Quintana.

In the retail segment, The dollar today rose eight cents this Thursday to $ 106.16 -without taxes-, according to the average of the main banks in the financial system. In turn, the retail value of the US dollar at Banco Nación remained at $ 105.75.

The savings dollar or solidarity dollar -which includes 30% of the PAÍS tax, and a 35% on account of the Income Tax- amounted to 17 cents to $ 175.20.

future dollar

In the Rofex futures market, US $ 277 million were traded. The terms showed slight increases of around 0.1%. Thus, November ended operating with a rate of 25.38% and December of 46.02%.

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