In addition to the CPI, there were other indicators that showed good numbers for the national administration, including the country risk, the gap with the wholesaler, and the BCRA Reserves.
The data of the week was undoubtedly the September CPI was at 3.5%, the lowest level in three years, and a key figure for the Government since it managed to reach the long-awaited 4%. But, in addition, there were other indicators that showed good numbers for the national administration, including the country risk, the gap with the wholesaler, and the BCRA Reserves.
Financial dollars closed lower this Thursday. In the weekly accumulated, they recorded their biggest drop in three months and the gaps reached April lows. In this framework, the dollar CCL lost $14.35 (-1.2%) and was located in the $1,177.07. In this way, the spread with the wholesaler dropped to 20.2%, minimums since April 8.
For his part, the MEP low $12.56 (-1.1%), until the $1,134.84, after recording its biggest decline since July 30 the previous day. He spread loosened to 15.9%minimum since April 23. In the weekly accumulated, the CCL fell $48.87 (-4%) and the MEP fell $52.68 (-4.4%), the most significant drops since mid-July.
“Financial dollars have no floor and are closer and closer to the officer. The day was marked again by the strong sales and the exchange closed close to 4%, again driven by investors who demand cable assets vs MEP,” indicated market sources.
As for the country risk prepared by the JP Morgan bank Although on Thursday it rose five units to 1,126 basis pointshit a floor of 1,118 units on Wednesday, its minimum value during the management of Milei and at levels similar to those recorded in September 2020.
For its part, it was also a good day for the accumulation of Reserves. Since the BCRA chained ten consecutive days with favorable results in the official exchange market. In this framework, gross international reserves increased US$285 million in daily terms and US$319 million in relation to last Friday.
Source: Ambito
