Regulated stock exchange dollars closed again stable due to official intervention

Regulated stock exchange dollars closed again stable due to official intervention

For his part, regulated MEP dollar finished to $ 179.23 (gap of 79.8%).

The uncertainty due to the November 14 elections, together with high inflation, and the continuous exchange controls in the official market feed the appetite for the greenback, and put pressure on the exchange gap, which is approaching 100%, also stimulated by a growing fiscal deficit financed for the most part with monetary issuance.

In this context, the The blue dollar scored a new nominal all-time high this Thursday, and was on the verge of $ 200, according to a survey of Ambit in the Black Market of Foreign Currency. On this wheel raised $ 1 to $ 198 in the caves, with which the gap with the wholesale exchange rate, which is regulated by the Central Bank, stretched to 98.6%.

The Central Bank had to sell

The Central Bank recorded a negative balance of US $ 40 million as a consequence of a very active demand impacted by the imminence of the end of the month and the closing of positions in October.

The The monetary authority announced a slight easing of advance payments for the import of goods that are inputs for local production, something expected by the sector, and which tends to overcome the inconveniences derived from the strong restrictions imposed at the beginning of the month.

In the wholesale segment, the North American currency rose four cents to $ 99.96, in another round with a significant amount traded in which it operated to exceed the record for the month registered on Wednesday. The dollar operated with a sustained tone from the start of the day, requiring official assistance to meet the demand in the market. Prices moved within a smaller fluctuation range and always under the strict supervision of the Central Bank.

The highs were noted at the start at $ 99.70, five cents above the previous end. In a scenario of significant volume of purchase orders, the monetary authority remained firmly at the selling point, meeting the unsatisfied demand in the first part of the day. A slight improvement in the private supply verified in the last part of the day, collaborated with the Central Bank to supply the market, keeping prices at a level just below the highs of the date.

So far this week the wholesale exchange rate has accumulated a rise of thirty cents, the highest weekly correction since the one that ended in the first days of last September.

At the same time, in the official market, the saving dollar -which includes 30% of the COUNTRY tax, and 35% on account of Profits- advanced four cents to $ 173.50. The retail dollar rose two cents to $ 105.15, according to the average of the main entities of the financial system (it closed at $ 105 in Banco Nación).

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