the CCL rose 2%, but the blue lost $10

the CCL rose 2%, but the blue lost $10
August 25, 2023 – 00:00

Cash with settlement closed at $761.61 and the MEP at $665.40. The S&P Merval cut its bullish rally and dollar bonds traded mixed.

Financial dollars rose yesterday, while the blue fell $10 to pierce $730, in a day in which the Central Bank returned to buy currencies for the eighth consecutive round.

The “Cash with Liquidation” (CCL) rose $15 (2%) and closed at $761.61, so the gap with the official reached maximums in one year (117.6%). In this context, the MEP dollar climbed $2.16 (0.3%) to $665.40 and the difference with the wholesaler was around 90.1%. It should be remembered that the Central Bank has been intervening in the dollar stock market for months to keep it at bay and reduce the price difference with the official one.

For its part, the blue dollar fell $10 and closed at $725. In this way, the gap with the official exchange rate fell to 107.1%, after reaching an intraday record of 127.1% on August 16, its highest level since the July 2022 run (139.3%). , after the resignation of the then Minister of Economy, Martín Guzmán.

Meanwhile, the BCRA achieved the eighth consecutive round of purchases, this time with a consolidated positive balance of US$20 million in the exchange market. While in the week it already accumulates US$188 million and in August the green amounts to US$990 million.

In this way, the accumulation of reserves of the monetary authority reached almost US$1.9 billion since the launch of the export increase program, on July 24.

On the other hand, the shares of the Buenos Aires Stock Exchange stopped yesterday an upward rally of ten rises in a row, in tune with the global markets, while the bonds in dollars closed mixed after the advances of the last days.

The S&P Merval index lost 0.3% to 613,509.080 basis points, after gaining more than 33% in the last nine days. In fixed income, the bond that fell the most was Global 2041 (1.4%), and the one that advanced the most was Global 2029 (4.7%).

Source: Ambito

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