For its part, the MEP dollar fell 0.5% ($ 1.06) up to $ 202.78, which led to the spread with the official to 95.9%.
The BCRA has just increased its reference rate to 40%, amid annualized inflation above 50% and a sharp third wave of coronavirus that raises concerns about its impact on the economy.
“Traders are monitoring the reactions to the rate hike – a decision in the right direction that is expected to be deepened – and the acceleration of the ‘crawling-peg’ in order to assess the chances of closing the ‘gap’ from the bottom to the top. up “, highlighted the economist Gustavo Ber.
“For it It will be necessary for the financial dollars to reflect a greater calm, in view of the expectation of an agreement with the IMF, since otherwise the climate of uncertainty still prevails, which is even accentuated after the recent high monetary issue“he added.
For his part, Roberto Geretto, an economist at the Fundcorp fund, indicated that “a gap of 100% is unlikely to be substantially reduced with homeopathic doses of rates (from the BCRA). To make matters worse, the drought and a possible rise in rates of the ‘Fed’ sooner than expected are factors to monitor, since they would make the outlook more complicated, “he synthesized.
Official dollar and Central Bank
The wholesale dollar rose 23 cents to $ 103.51 under the constant regulation of the BCRA. The exchange rate adjustment compensated, as always, for the days without activity for the weekend, but was lower than last Monday.
Simultaneously, the Central Bank added its sixth consecutive round with a positive balance after buying another US $ 75 million from its intervention in the official exchange market; with what accumulates u $ s180 million in the month.
The monetary authority came from selling US $ 460 million, in net terms, during December, although in the accumulated of 2021 it had a favorable result of around US $ 5,000 million.
The monetary authority seems to have accelerated the rate of devaluation, although it remains to be seen whether it is a specific situation these days, or a change in strategy that will continue over time.
The currency started the week trading with a short route in a scenario in which the supply of currencies prevailed again. Prices moved with minimal fluctuations, always within the fluctuation scheme limited by official interventions.
Highs at $ 103.51 and lows at $ 103.49, accounted for the marked stability with which the wheel was traded today. The supply was somewhat more active than the authorized demand, responding fluidly to all the purchase orders pending execution. Official activity was intense, with purchases that absorbed all the excess foreign exchange available in the sector where banks and companies operate, also maintaining prices with new floors at the minimum of the date.
Revenues from abroad once again became a positive factor for official regulation, which to date obtained the second best result of January, accumulating in the first days just over US $ 180 million, without registering net losses so far due to its intervention in the exchange market.
In the retail segment, the The dollar today advanced 10 cents this Monday, January 10, 2022, to $ 108.96 -without taxes-, according to the average in the main banks of the financial system. In turn, the retail value of the currency at Banco Nación remained at $ 108.50.
The savings dollar or solidarity dollar -which includes 30% of the PAÍS tax, and 35% on account of the Income Tax- rose 16 cents to $ 179.78.
The The blue dollar added its second consecutive fall this Monday, January 10, 2022, according to a survey by Ambito in the Black Market of Foreign Currency. In this way, the gap with the officer pierced the floor 100% for the first time after seven wheels.
The bill dropped from $ 2 to $ 206. Therefore, the spread with the wholesale exchange rate, which is regulated by the Central Bank (BCRA), was 99%. It happens after it fell another 50 cents on Friday, after advancing $ 2.50 between Tuesday and Thursday. In the year, accumulates a decrease of $ 2.
Source From: Ambito
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