The official dollar extended rebound this Monday, June 23, while the financial ones write down their greatest daily rise in a month. In the international gross reserves of the BCRA, the U $ S500 million of the Bonte. Local markets are affected by a marked global aversion to risk to possible reprisals from Iran After US attacks at their nuclear facilities, with the consequent risks to trade and inflation.
In that context, the official wholesale exchange rate advanced $ 9 (+0.8%) at $ 1,171 For sale, after having jumped $ 19 (+1.7%) on Thursday of last week. Previously the price had retreated strongly, at the rhythm of a good export settlement.
The future dollar contracts accompanied the dynamics of the officer and rose in all their deadlines, highlighting mainly the increases towards the end of the year. The “Pricea” market that the wholesale exchange rate will end June at $ 1,181, which will rise 3% in July and will end 2025 in the $ 1,346.
Also, the Retail contribution increased to $ 1,188.80 for the sale in the average of the financial institutions published by the Central Bank (BCRA). Meanwhile, in the National Bank The ticket climbed $ 1,135 for purchase and $ 1,185 for sale.
In the bag, the dollar CCL scale $ 16.23 (+1.4%) a $ 1,182.97, while the MEP increases $ 16.27 (+1.4%) a $ 1,185.15. He Blue advanced $ 10 to $ 1,210.
Gross reserves of Central Bank (BCRA) They rose U $ S646 million After the entrance of the bond Bonte And they were located in U $ 40,887 million.
Dollar: What prospects are in the short term
“From the Economic Front, still recognizing the strong fiscal, monetary progress and in the disinflation process, now the looks are directed towards the accumulation of reservations,” said Gustavo Ber. This is because Investors evaluate that a higher level could allow a faster reduction in country risk, still about 300 bp. above the regional average.
“This would be crucial to recover access to the market and thus refinance future capital maturities”the expert highlighted.
According to market sources, greater liquidation From the fieldalready in the final stretch of the reduced aliquots, next to the greatest appetite by ¨Carry Trade ¨ before the positive signals from the disinflation They push the wholesale dollar around $ 1,150, after having been “consistent” a time between $ 1,180/$ 1,190.
“To the extent that reservations are continued through the new strategies in progress – together with the most restrictive monetary initiatives – the calm climate should extend, even when the next electoral scale that will be nothing less than PBA will earn rhythm,” the expert closed.
Source: Ambito
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