The dollar Cash with Settlement (CCL) jumped sharply yesterday and approached $790, so the gap with the official exchange rate marked a new maximum in 13 months, as a result of persistent hedging at less than two months of the presidential elections.
Thus, the CCL climbed $17.24 (2.2%), up to $787.36, a nominal record for this exchange rate. In this way, the gap with the official one climbed to 125%, which represents the highest level since July 27, 2022, when the difference with the wholesaler reached 156.01%.
Under the intervention of official organizations, the MEP dollar advanced $2.98 (0.5%) to $667.95, after exceeding $680 at the beginning of the day. Thus, the gap with the official is around 90.9%.
“With IMF guidelines that increase the chances of a new devaluation in the future, operators continue to bet on this scenario, in addition to the imbalance in the exchange market, even after the latest disbursements that would not provide fresh funds,” said economist Gustavo Ber. .
Hence, the CCL continues to gain ground. On the other hand, the MEP is where the interventions have been accelerating, which generates a high “spread” of 15% between both implicit prices.
For its part, the blue dollar recorded its second consecutive rise and reached $738, its highest value in the last six days, after the battery of measures announced by the Ministry of Economy and after the recalibration of the goals with the International Monetary Fund. . The informal exchange rate climbed $8 yesterday. Thus, since the devaluation of Monday, August 15, the parallel currency accumulates a rise of $138.
In this way, the gap with the official exchange rate stands at 110.9%, after touching an intraday annual record of 127.1% almost two weeks ago, its highest level since the July 2022 run (139.3 %).
Meanwhile, the Central Bank bought dollars net for the tenth consecutive day, at the end of the round with a positive balance of US$65 million in the exchange market. The accumulation of BCRA reserves in August reaches almost US$1.1 billion and exceeds US$2 billion since the launch of the export promotion program on July 24.
Source: Ambito
