“After the recent bullish readjustment, financial dollars are leaning for a breather as investors analyze the political and economic landscape in search of evaluating the chances and quality of the agreement to which they could be aspired with the IMF,” said one trader.
The head of Economy, Martín Guzmán, will make public this afternoon the details of the conversations with the representatives of the institution led by Kristalina Georgieva regarding the fiscal result, the monetary issue and the BCRA’s reserves.
The Government seeks to show consensus both locally and internationally regarding the agreement with the IMF. However, the political tension did not take long to appear after representatives of Juntos refused to attend, considering the initiative as demagogic.
“We contracted the debt, the least we can do is go listen to Martín Guzmán,” said the governor of Jujuy in statements to the De Acá en Mas program, in contrast to the position of many members of the opposition.
Regarding the latter, it is worth remembering that net reserves barely exceed US $ 2 billion. In contrast, only in the first quarter of the year the debt with the main multilateral credit organizations is US $ 6,000 million.
Central Bank and official dollar
In this context, the monetary authority seems to have slightly accelerated the “crawling peg”, although it is still premature to affirm that it is a change in strategy that will be maintained over time.
The wholesale dollar rose five cents to $ 103.14 on Wednesday. In this way, so far this week the price rose 42 cents, the same as in the entire previous week.
It is worth remembering that on New Year’s Eve the Central entity released its objectives and goals for 2022, which contemplate the acceleration of the devaluation rate at the rate of inflation and the setting of positive interest rates in real terms.
The entity led by Miguel Ángel Pesce ended his intervention of this wheel with a positive balance of US $ 20 million. Therefore, since the beginning of 2022, it accumulates a net purchase of US $ 26 million, within the framework of the development of the fine wheat harvest, which could alleviate the pressure on reserves.
“The improvement in income from abroad served to supply the demand for foreign exchange and at the same time generate a surplus that was used by the Central Bank to show the best result of this week. The first part of January shows an acceleration in the rate of adjustment of wholesale dollar prices, a fact that will be seen if it remains constant during the rest of the month, or if it is only a specific situation that will change in the coming weeks ” He said Gustavo Quintana, from PR Corredores de Cambio.
For its part, the saving dollar or solidarity dollar -which includes 30% of the COUNTRY tax, and a 35% on account of the Income Tax- it was up just three cents this day, to $ 179.24.
The blue dollar registered its second consecutive increase this Wednesday and established itself as the most expensive price in the market, according to a survey by Ámbito on the Black Market of Foreign Currency.
After rising 50 cents on Tuesday, the informal dollar climbed $ 1 this day to culminate in the $207,50. Therefore, the gap with the official rose to 101.2%.
Source From: Ambito
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