For Luis Caputo, the dollar’s rise is exaggerated and attributed it to Kuka risk

For Luis Caputo, the dollar’s rise is exaggerated and attributed it to Kuka risk

The official relativized the movement of the exchange rate, noting that “It is nothing that we have not lived in this government. Of course, it is about exaggerating the situation from certain sides. “Minutes later, he attributed him to the climbing of the American currency to “Given political uncertainty, some decide to cover themselves. It is not something we have not expected. ”

“What is important that people understand, and that it is not common in Argentina, is that The exchange rate floats. It means that it can go up or can go down. The BCRA only intervenes on the roof or on the band of the band. There is no other intervention. We have to get used to it, “he asked.

Within that framework, he reiterated that “the one who seems cheap the dollar will buy. He will sell expensive. I don’t know why they get angry with us. “What worries us is inflation. We are going to be focused on not a weight since supply and demand is as balanced as possible, “he added interviewed in Carajo streaming.

Luis Caputo and Kristalina Georgieva.jpg

Luis Caputo’s management was again supported by the IMF, which gave the country a new disbursement.

In turn, he explained that “if a distortion is generated, which could be due to a drop in the demand for money, the BCRA has the tools to balance this again.” “Even if the exchange rate rises, it will not be reflected in prices. And if someone decides to update goods because he sees the exchange rate rises, what will probably happen is that he will sell less, “he predicted.

“Our problem has never been the purchase of reservation. We have bought almost US $ 26,000 million in the first 18 months. The issue with the accumulation is given because for 18 months we are canceling debt, “said the minister, who pointed out that he is still recovering access to the capital market.

Official dollar scored the greatest daily rise in three months

He Retail dollar did not stop its upward climb and touched on Thursday the $ 1,380 For the sale, the National Bank, $ 55 above the previous closure, to accumulate a jump of 14% throughout July. In a retail market, which measures the Central Bank (BCRA), it crossed the $ 1,367.32, while the currency supply was ran and the demand remained firm.

On the other hand, within what is the types of parallel changes, the dollar Blue, meanwhile, is sold at $ 1,330, According to a survey of Scope in the City of the City, while the MEP It rises almost 2.5% to $ 1,355.41 and the CCL 3% progress to $ 1,358.89. And, in the segment wholesalerwhich is the market reference, the dollar climbs up to the $ 1,360 per unit.

After the strong advance on Wednesday, in the segment of future dollar, They replicated this trend this Thursday and the quotes were shot again. Within them, the contracts that rose the most were the shortest: August rose 4.3% and marked $ 1,406, while By the end of the year, the “Price” market that the dollar reaches $ 1,525, with an advance of 1.7%.

If the values of this day are taken into account, The officer was 5.6% below the upper band of $ 1,451.5 (Remember that it is adjusted to a rhythm of 1% monthly) and 50.6% above the floor of the flotation band of $ 964.1 (It decreases at 1% monthly). And if the center of the band is taken to $ 1,208.7, the current value is above 13.6%.

Source: Ambito

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