The exchange rate fell into the wholesale and retail segments and touched minimums of the end of June. At the other extreme, the Blue rose $ 10.
The official dollar fell by ninth consecutive wheel in the prior to the key tender of the National Treasury on Wednesdaywhich will determine At what level the interest rate will be validated by the Central Bank (BCRA)at times where there is great volatility in the curve in pesos. Meanwhile, the market also awaits the data of inflation July that will announce the National Institute of Statistics and Census (INDEC).
In the wholesale segment, the dollar closed to $ 1,313 and marked its lower level since June 29. Meanwhile, in the average financial entities of the Central Bank (BCRA) yielded 0.2% to $ 1,328.23 for sale and in the Nation Bank (BNA) another $ 5 decreased and closed in the $ 1,325. Thus, the Card or tourist dollar He lowered slightly and was located in $ 1,722.50.
Among the parallels, the MEP dollar falls 0.4% a $ 1,317.62, while dollar counted with liquidation (CCL) low 0.2% a $ 1,321.67. In turn, the dollar Blue Up $ 10 to $ 1,340 and surpasses the retailer for the first time in three weeks, according to a survey of Scope in the City caves. The contracts of future dollar They closed with generalized falls. The “price” market that the wholesale exchange rate at the end of August It will be from $ 1,344.50 and that in December It will reach the $ 1,501.
As for the evaluation of the green ticket for September, PGK Consultores Corporate Finance Manager, Brian Torchiaprojected: “Does it remain within the band scheme? The answer would be that yes, since beyond any other macroeconomic factorwe do not see the government disarming its reference immediately, implying that the $ 1,475 ceiling is a credible stop. Then it remains to analyze their behavior from the current contributions that are around $ 1,320 at the wholesale level. “
Strong pressure at the rates and the curve in pesos
The caution A 62.5% TNA ave day, while Lecaps operate with strong volumes in the shortest maturities ranging from August until September. In turn, The fixed deadline rate rises to 44% TNA.
This Wednesday, the market is expectant Before the tender of the Treasury, which faces maturities of around almost $ 15 billionwith special attention to the rates and the debt rollover, to see how much the liquidity conditions for the banks are modified.
“The result of the tender, with a special focus on validation, concentrate attention,” said economist Gustavo Ber and added: “Give Wholesale Rate of Argentina (Tamar)“
For this expert, in turn, the looks are placed in the liquidity window that the BCRA will open to financial entities, in search of quickly normalizing rates “In order to avoid damage to economic activity.”
This last comment has to do with the decision of the Central Bank to offer active passes to financial entities through the wheel repaired in Siopel, operating daily from 17 to 17:30. The initiative seeks to provide liquidity to the banking system, in the middle of a strong volatility of fees. The measure was formalized through communication “B” 13032.
Source: Ambito
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