The Cashed Settlement dollar (CCL) plummeted $40.47 (4.3%) yesterday and the gap fell to the lows of September 2019. Meanwhile, the MEP also gave way and hit lows in almost three weeks.
The CCL fell to $901.25. Thus, the spread with the official exchange rate was 11.7%, registering the lowest since September 2019. Meanwhile, the MEP dollar fell $14.53 (1.5%) to $939.70. In this way, this exchange rate marked a gap of 16.5% with the official one.
As economist Gustavo Ber explained to Ámbito, “in addition to the greater liquidation (due to the exporting dollar), there is added a desperate search for rates – including a tactical ‘carry-trade’ – in search of mitigating the effects of the ‘liquefaction’ due to short-term inflation.
“I think that in February a realignment could begin to be activated after the acceleration of inflation, although in any case it could be orderly if the pace of the crawling peg is aligned with the rate,” added the economist.
For his part, Andrés Reschini, from F2 Soluciones Financieras, pointed out that the main factors behind the fall of the CCL were, firstly, that “the dollarization proposal lost strength,” since the program aims for a strong reduction in the deficit. fiscal and recomposition of reserves and stated that “for now the market supports it.”
Meanwhile, the blue dollar ignored the sharp drop in financial exchange rates and closed stable at $995. In this way, the gap with the official dollar stood at 23.2%.
Official market
The official retail dollar closed at $834.55, while the “card” closed at $1,322.80. The wholesale exchange rate, meanwhile, was $806.85.
On the other hand, the Central Bank bought US$187 million yesterday. In this way, so far in the new management of the monetary entity it has already accumulated a total of US$2,082 million.
Source: Ambito
