After the strong rise of the official dollar on Wednesday, the official exchange rate went down and heads to close June in the center of the band in the middle of the strong liquidation before the reimposition of retentions to agriculture.
The official dollar cut a four -climbing streak to the thread, although it is aimed to close June on the risewhile the market awaits the first review of the according to the International Monetary Fund (IMF), before the reimposition of retentions to agriculture. The financial ones, on the other hand, closed rise.
The wholesale exchange ratewhich is the market reference, He gave $ 2 to $ 1,189.50 This Thursday, June 26 after the strong previous rise.
Instead, the dollar Retainee rose to $ 1,209.57 for sale In the average of the financial institutions published by the Central Bank (BCRA). Meanwhile, in the National Bank The ticket closed stable to $ 1,155 for purchase and $ 1,205 for sale.
As for the types of financial changes, the MEP dollar It rose $ 2.85 a $ 1,199.28 and the Spread with the officer was just 0.8%. While andThe dollar counted with liquidation (CCL) increased almost $ 1 to $ 1,200.16 and the gap was 0.9%. The blue dollar, meanwhile, remained at $ 1,210according to a field survey in the City caves.
Expectation for the first review of the agreement with the IMF
It happens while an IMF mission is located in the country to carry out the first review of the new agreement. While the government keeps its fiscal discipline, one of the demands of the agency is far from meeting the reserve goal.
However, some analysts argue that the important fiscal deficit that President Javier Milei conquers the support of the markets and obtains the applause of fund leaders.
“I think they will forgive it (breach of the reservation goal) although they ask for more later“Claudio Loser, former director of the IMF for the western hemisphere, told Reuters.
This would probably be completed in a “forgiveness” (or Waver for its expression in English), approving the first review of the program, for which on Tuesday a technical team of the agency arrived in the country.
Last week, the government announced that it would deepen the adjustment to reach a surplus goal of 1.6% of GDP. The Minister of Economy, Luis Caputo, said at the beginning of the month that the accumulation of reserves was no longer as important as before, with given the current exchange scheme of flotation bands and a capitalized central bank.
Within that framework, the BCRA still does not intervene in the change market. The International gross reserves They finished in the U $ S41,528 million after U $ 105 million.
Source: Ambito
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