The financial dollars closed higher yesterday, in a day in which the “Cash with Liquidation” (CCL) approached its nominal record of April 25, when it touched $482.69, due to speculative rearrangements of portfolios given the uncertain economic outlook. In this framework, the MEP or Stock Market dollar ended its downward streak of two consecutive days.
The CCL dollar -operated with the GD30 bond in the Price-Time Priority market or PPT- increased $2.19 (0.5%), to $481.11. Thus, the gap with the official exchange rate stood at 104.8%.
Meanwhile, the MEP dollar -operated with the GD30 bond in the Price-Time Priority or PPT market- advanced $1.82 (0.4%) to $466.06. Thus, the gap stood at 98.4%.
For its part, the blue dollar rose again and consolidated above $490, close to its nominal maximum, in the midst of an uncertain economic outlook and one month after the definition of the presidential candidacies. The parallel currency climbed $2 and closed at $492. Yesterday’s rise builds on Monday’s $4 advance to reach its highest value since April 25 when it shot up to $495. Thus, the gap stood at 109.4%, the highest level since Thursday of last week.
Recently, the BCRA raised its reference rate by 600 points to 97% per year and announced greater intervention in the foreign exchange market, although without giving details on the rhythm of the “crawling-peg”.
In this context, the Central Bank chained 13 days with a positive net balance in its interventions in the exchange market, by buying US$14 million. Meanwhile, the soybean dollar contributed some US$66 million.
For its part, the retail dollar rose 51 cents to $245.53. The Qatari dollar rose $1.02 to end at $491.06. Meanwhile, the wholesale dollar increased 60 cents and ended at $234.95.