The MEP and CCL dollars threatened to cross $1,300, but the BCRA intervened strongly and closed lower

The MEP and CCL dollars threatened to cross ,300, but the BCRA intervened strongly and closed lower

The Financial dollars closed lower this Wednesday, August 28, after starting the day on the rise. The CCL had crossed the $1,300 thresholdalthough the intervention of the Central Bank (BCRA) changed the market trend mid-session.

The dollar “contado con liqui” ended the day with a fall of $1.75 (-0.1%) to $1,291.78while the MEP lost $4 (-0.3%) to $1,282.19. With these variations, the gap between the exchange rates on the stock market and the wholesale market fell slightly to 36.1%.

Market sources noted that a sale of approximately US$60 million by the BCRA to contain prices when demand began to intensify.

In the official exchange market The BCRA achieved its highest net purchase of foreign currency since May 21in a context in which the demand for imports is delayed, awaiting the reduction of the PAIS tax rate that will begin to apply in September. The exception is energy purchases; as on Tuesday, a greater impact of this sector is expected for this Thursday.

In this context, and in light of the successive statements by government officials, the market does not expect major changes in exchange rate policy. “We do not believe that the `crawling` will increase from 2% to 3% or 4%. If it were the case that an acceleration in the devaluation was needed, surely a moment would be chosen to do so, but in higher percentages, around 20 or 30%. Today the gap is around 40%, but with a devaluation of 30% the devaluation expectations would be accommodated,” commented Pablo Lazzati, CEO of Insider Finance.

How much is the official dollar trading today, Wednesday, August 28?

In the official exchange market, the Wholesale dollar fell 50 cents to $949.50.

How much is the dollar futures trading today, Wednesday, August 28?

At the Matba Rofex, the future dollar for the purposes of August fell 0.1% to $953.00while for September -key month for the reduction of the COUNTRY TAX- fell 0.3% to $985.00. The contract of October fell 0.2% to $1,019.00, the one of November cut 0.5% to $1,050.00 and that of December fell 0.2% to $1,087.50.

How much is the blue dollar sold for today, Wednesday, August 28?

He blue dollar operated in the $1,335 for sale, According to a survey by Scope in the caves of the City.

Dollar card price today, Wednesday, August 28

He dollar card or touristand the dollar savings (either solidary) marked the $1,551.20. Thus, The gap with the blue reaches its highest level since June.

Crypto dollar quote today, Wednesday, August 28

He crypto dollar or Bitcoin dollar quoted at $1306.35, according to Bitso.

Source: Ambito

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