In turn, the MEP dollar fell 99 cents (0.3%) to $311.81, after touching $320 and reaching a maximum in four months. Indeed, the spread with the official reached 89.1%.
In the parallel market, for its part, the blue dollar rose $4 (1.3%) to $312, so the gap with the wholesale exchange rate reached 89.1%.
The market’s eyes are focused on the low level of BCRA reserves, despite strict exchange controls. All in all, analysts consider that it is feasible for the Government to meet the annual net reserve accumulation goal agreed with the International Monetary Fund for 2022 (see separate).
All in all, the Central Bank ended yesterday with purchases for US$3 million, according to official sources. Thus, he has recorded modest purchases in four of the last five rounds.
“Thanks to another good performance of the export offer, the monetary authority was able to overcome another wheel with net purchases in the market, although so far without significant amounts to twist the accumulated red of the month,” analyzed Gustavo Quintana, operator of PR Exchange Brokers.
The wholesale dollar rose 0.2%, to $164.84, under the persistent liquidity control imposed by the BCRA with purchases and sales of its reserves.
Source: Ambito
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