Friday, December 3

Regulated financial dollars were more than $ 20 below the blue

In its “free” versions, operated via bilateral negotiations, alternative bonds to the AL30, or ADRs, the CCL exhibited a slight decline to settle near $ 210, while the MEP ended below $ 200.

“The (official) efforts in financial dollars, and even some freer references, have been generating growing concern, seeking to control their dynamics in the last few wheels before the elections, even though later this strategy is expected to have to be reevaluated since The sustained pressure on net reserves would not be sustainable, “said economist Gustavo Ber.

All this happens on a wheel in which the blue dollar rose $ 5.50 to $ 205. This brought the gap with the official above 100%, to its highest value in a year (104.7%).

It should be remembered that last week the Central Bank prohibited financial entities from adding dollars to their holdings until the end of the month

This is in addition to a series of measures that have been taken between the monetary authority and the National Securities Commission (CNV) in recent times to restrict operations in the different exchange rate segments and prevent gaps, as a reflection of the devaluation expectations, keep rising.

In this context of uncertainty, gross international reserves are US $ 42,790 million, although the net reserves are between US $ 4,500 million and US $ 9,500 million (depending on the accounting used), beyond the good performance of exports in recent times.

The Government repeatedly denied that there will be a jump in the price of the official dollar after the elections. In that sense, the private companies assure that what happens with the “green ticket” as of next Monday depends exclusively on what the Government does to anchor expectations.

Official dollar

The wholesale exchange rate rose four cents to $ 100.15, on the day with the highest business volume in 2021, according to what the Central Bank told Ámbito.

In the run-up to local legislative elections, and on the eve of a holiday in the United States, this Wednesday US $ 770 million were traded, a record since the end of 2019.

In this context, the demand for dollars was very solid throughout the session and exceeded the “genuine” supply, therefore the monetary authority had to sell another $ 180 million.

From the entity led by Miguel Ángel Pesce, they explained that heOrders for imports show the same behavior as in the week prior to STEP. They also added that there was a low liquidation of currencies of the cereal complex, which is expected to reverse in the coming weeks.

“Tomorrow’s holiday in the United States could have had a certain impact on the volume traded on that date. The impossibility of completing business on the next day surely encouraged the advance payment of some operations, justifying the significant amount traded today, in all segments of the market including, of course, the futures markets “, detailed from PR Corredores de Cambio.

“The seasonal fall in income from the cereal complex forces greater official activity that translates into loss of reserves to meet the demand without coverage. Expectations for next Sunday’s elections continue to be a condiment that partially justifies the current scenario, that it will only be able to show a different panorama as of next week, when the unknowns of the present begin to clear, “they said.

So far in October, more than US $ 315 million have been sold. At the same time, the Central received income from disbursements from international organizations for about US $ 1 billion.

In the retail sector, the dollar today rose four cents to $ 105.67 -without taxes-, according to the average of the main banks in the financial system, therefore the “savings” or “solidarity” dollar culminated at $ 174.36. In turn, the retail value of the US currency remained at $ 105.25 at Banco Nación.

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