In turn, the MEP dollar -also valued with the Global 2030- fell 79 cents to $281.78 -minimum in almost two weeks-, for which the spread with the official stood at 103.7%.
For its part, the blue closed stable at $292, after falling $1 at the beginning of the wheel, according to a survey by Ámbito Cuevas Buenos Aires. Thus, the gap with the official wholesale dollar ended at 111.1%.
“Financial dollars extend the period of greater calm, even when the external climate is more complicated and carry-trade in this context is reserved only for aggressive operators, since emerging currencies are already conditioned,” said a trader from market.
Meanwhile, the Central Bank yesterday chained its 13th consecutive day without net sales in the foreign exchange market, ending the day with purchases for some US$11 million, indicated market sources.
“The BCRA continues to buy foreign currency in small drops, as can be expected in a period in which, although energy payments are down, agricultural settlements are also down. The situation towards 2023 exhibits a panorama of high exchange rate stress if much more forceful measures are not taken and speculation continues with disbursements or loans that can contribute little to solidify the BCRA’s firepower,” they said from Aurum Valores.
The Minister of Economy, Sergio Massa, seeks to strengthen the reserves of the monetary entity and reduce the fiscal deficit to comply with agreements with the International Monetary Fund in the next review of the organization’s accounts. Massa will travel to the US next week to visit Washington and Houston, where he will hold meetings with the IMF.
“Although the greater liquidation of agriculture and the lower demand for energy payments gave the BCRA air to buy some foreign currency, it was not enough to contain international reserves, which in the last week fell US$38 million, closing with a stock gross of 37,027 million, while net reserves remained around 400 million”, they said from Cohen.
Source: Ambito
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