Despite the strong rise in rates that validated the Treasure In Wednesday’s tender, The dollar continued up With the wholesaler, market reference, approaching the $ 1,290 and breaking a new historical nominal maximum, while the retail price of National Bank He played again $ 1,300.
The wholesale exchange rate rose $ 12 to $ 1,286while the Retail official dollar increased almost $ 11 to $ 1,300.73 For sale In the average of the financial institutions published by the Central Bank (BCRA). In it Banco Nación, meanwhile, the “Green” ticket was appreciated $ 10 to $ 1,300.
The official currency thus registered its fourth consecutive weekly increase, by climbing $ 24.50 (+1.9%) between last Monday and this Friday.
Market operators estimate that The Central Bank intervened again in the futures curve, as did the week. The volume operated in futures It was dev US $ 1,440 million.
As for the future dollar, the contracts scored increases in all their deadlines. For the accumulated of July the “Price” market an increase of 7.5% in the wholesaler, although among August December the expected monthly adjustment is 2.6%, on average.
In the stock market, on the other hand, the financial ones scored generalized advances: the MEP dollar climbed $ 13.05 to $ 1,292.87 and the Spread against the officer was positioned at 0.5%, while the dollar counted with liquidation (CCL) amounted to $ 15.41 to $ 1,301 (the gap is located at 1.2%). In the informal market, The blue dollar rose $ 10 to $ 1,305.
Central Bank reserves increased
Likewise, the gross reserves of the Central Bank increased this Friday at US $ 554 million and were returning above the US $40,000 million. Punctually, they climbed up to US $40,387 million, the highest level in eight days.
The rebound was due in large part to the disbursement of about US $314 million by the CAF (Development Bank of Latin America and the Caribbean), as confirmed by sources from the BCRA to Scope. Also, near U $ 60 million of the daily increase was explained by the improvement in the price of assets that integrate the coffers of the central, Like gold.
Throughout the week, BCRA reserves increased US $ 1,335 million, promoted a good part for purchases of the Treasury (on Wednesday he added about US $ 500 million to the assets of the monetary entity).
It should be remembered that the government placed $ 4.7 billion on Wednesday in the emergency tender, with the aim of absorbing the “excess” of liquidity that left the end of the Lefis. 50% was placed in Lecaps with maturity in the next 30 days.
To meet the objective, and thus calm the pressure on the demand for dollars, the economic team conducted by Luis Caputo validated a significant increase in rates. As an example, The letter that expires in July had an effective monthly rate (TEM) of 3.3%.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
