For its part, the dollar MEP The regulated market did not show variations either and ended at $ 179.22, with the spread at $ 79.6%. In the segment not intervened by public entities, it was above $ 200.
The economist Gustavo Ber stressed that this “is because only then, ‘with the cards already on the table’, could the central question be elucidated, which consists of whether the government will face the challenges in the face of the two-year mandate still seeking consensus. to design a comprehensive program -including an agreement with the IMF- or, on the contrary, a path towards radicalization would be followed, which is dangerous and increases the risks of leading to a new crisis. “
From VatNet Research, they considered that “financial expectations do not look promising. Despite the sensitivity of the situation, a certain political anarchy is perceived that leads to greater demand for foreign exchange.” He added that “the situation is so complicated that the government is resorting to all kinds of measures to reassure the exchange market, given the renewed demand (for foreign currency).”
The Central Bank, for its part, It started November with sales of US $ 20 million and accumulates a negative balance of US $ 350 million in the last three consecutive days.
It happened after the entity led by Miguel Ángel Pesce closed its best October in a decade in terms of accumulating foreign currency by acquiring, in net terms, US $ 207 million.
According to sources close to the monetary authority, During this round, no change in trend was observed in the level of sales or especially in the level of export settlement, which is above the averages for this time of year.
Official dollar
The wholesale exchange rate, regulated by the Central Bank, advanced nine cents to $ 99.81In this way, it compensated, as in every beginning of the week, the days without activity for the weekend and repeated the adjustment level of the last two weeks. In October it climbed 1% (98 cents), as in the previous month.
With a moderate volume traded in the first round of the month, the currency operated very stabilized around the regulation values set by the monetary authority. The authorized demand exercised a slight dominance in the development of the operations, without being able to impact on the price due to the official intervention.
The maximums were recorded with the first operations agreed at $ 99.83, eleven cents above the previous end. The presence of the Central in the sector where banks and companies operate corrected the level of the opening, accommodating the values in a range of $ 99.82 / 99.81 per unit that was maintained until the end of the session. The official intervention compensated with low sales volume the temporary insufficiency of the genuine supply.
Income of foreign exchange from agro-exporters
The income of grain and oilseed exporters during October set a record with respect to that month for the entire historical series and became an important ally for the monetary authority to show a positive balance in that period, something that will now be seen if it can be repeated at the beginning of the last two months of the year.
According to the Chamber of the Oil Industry of the Argentine Republic (CIARA) and the Cereal Exporters Center (CEC), entities that represent 48% of Argentine exports, last month the companies of that activity settled the sum of U $ 2,416,616,587 million, an amount that is a record for that month in statistics since the beginning of this century and in the entire historical series.
This monthly sum reflects, however, a decline of 1% with respect to September, but an increase of 40.8% in relation to the same month of the previous year.
In the retail segment, the dollar today advanced 12 cents this Monday to $ 105.35 -without taxes-, according to the average of the main banks of the financial system, in a context of marked upward pressure for the “unregulated” versions of the currency. In turn, the retail value of the US dollar remained at $ 105 at Banco Nación.
Source From: Ambito
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