The CCL ended a streak of seven consecutive increases. The Central bought US$189 million.
The exchange market had a mixed day yesterday, with a market attentive to the legislative process of the modified “omnibus law” project and waiting for the general strike called for today. The financial dollars operated lower, while the blue rose again and accumulated a rise of $35 in the last two wheels. The BCRA bought currencies again.
The Cashed Settlement dollar (CCL) fell yesterday for the first time in seven days. It did so by falling 2% to $1,285.93. In this way, it once again pierced the $1,300 barrier that it had surpassed last Friday. All in all, the gap with the official wholesale exchange rate closed at 56.3%.
For its part, the MEP dollar fell 0.7% to $1,233.22. Thus, the spread with the wholesale price remained at 50%.
Simultaneously, in the informal market, the blue dollar recorded its second rise in a row and was quoted at $1,205 for purchase and $1,255 for sale, which implies that it closed at a new nominal maximum. The illegal exchange rate rose $20 yesterday and once again exceeded the MEP, according to a survey by Ámbito in the caves of the City of Buenos Aires.
Meanwhile, the gap between the blue and the official dollar stood at 52.7%, a new record in the Milei era. Last week, the blue dollar advanced $100 (8.9%) and hit a closing high of $1,240.
The market maintains expectations about a possible new devaluation of the peso amid high inflation, estimated at around 20% monthly for the first two months of the year. This casts doubt on the continuity of a 2% monthly crawling peg provided by the BCRA.
Furthermore, operators are closely monitoring the consequences of today’s general strike, promoted by the CGT against the “omnibus law” project and the mega DNU of President Javier Milei. This Monday, the ruling party presented the modified bill in search of support from the soft opposition and yesterday it began to be discussed in committee.
In this framework, the Central Bank bought US$189 million yesterday in the Single and Free Exchange Market. In this way, it had 30 days in a row with a positive balance and added foreign currency for US$5,549 million.
Source: Ambito
