Both the MEP dollar and the CCL were quoted higher This Tuesday, September 3rd. The dollar Cable exceeded $1,300, a threshold that it had not reached since August 8, mainly due to the intervention of the Central Bank (BCRA) in the market.
After registering its second consecutive monthly fall, this Monday the MEP advanced $9.45 (+0.7%) to $1,294.46. Thus, The spread with the wholesaler was 35.8%.
For its part, the CCL rose $7.19 (+0.6%) to $1,302.55although the previous day it operated in a framework of few transactions due to the holiday in the US. The gap with the official rate, which is what the Government pays particular attention to, stood at 36.6%..
“The dollar was in demand during trading, but eased throughout the afternoon. The intervention of the BCRA was noted againwith levels similar to those of Thursday or Friday,” said the Sales Trader of Grupo IEB, Nicolas Cappella.
According to recent data from the BCRA itself, In July, more than US$300 million of the reserves were used to intervene in the CCL and the figure is estimated to have been higher in August.
In it Accumulated from last monththe “cash with liquidation” registered an increase of $12.96 (+1%)lower than the official one, so the gap experienced a reduction. Meanwhile, the “bag” fell $13.37 (-1%).
The reduction of the PAIS tax begins to apply
This week The reduction to 7.5% of the PAIS tax begins to apply for imports. The Government is seeking to ensure that the lower cost of products from abroad impacts inflation levels at the local level.
In the exchange rate field, the measure could have a negative impact since in August Many companies postponed their purchases abroadfor which a reactivation is expected in the month that has just begun.
This, added to the dynamics of intervention to reduce the gap, would negatively impact reserves which are already affected and are one of the variables most closely followed by the International Monetary Fund (IMF).
How much did the official dollar close today, Tuesday, September 3?
In the official exchange market, the wholesale dollar rose 50 cents to $953.50 per unit.
In it In August, the accumulated price rose by only 2.3%in line with the crawling peg coordinated between the Government and the BCRA since the beginning of the year.
Dollar card price today, Tuesday, September 3
He dollar card or touristand the dollar savings (either solidary) marked them $1,556.80. Thus, The gap with the blue reaches its highest level since June.
Crypto dollar quote today, Tuesday, September 3
He crypto dollar or Bitcoin dollar quoted at $1,293.37 according to Bitso.
Source: Ambito
