The exchange rate rose again in the wholesale segment, along with financial dollars.
The official dollar went up for the third consecutive day in the wholesale segment Along with the financial, despite the government’s monetary squeeze and the extreme volatility of the last wheels in the cion to one day, and ended the week on positive land.
He Wholesale dollarwhich is the market reference, climbed $ 6 to $ 1,321 and accumulated a rise of $ 21 in the week. In turn, the Retail dollar climbed at $ 1,337.23 for sale in the average of financial entities of the Central Bank (BCRA). In the cash segment a total volume of more than US $ 540.7 million was operated.
Meanwhile, in the Nation Bank (BNA) closed to $ 1,335 for sale. Thus, the dollar card or tourist, and the savings (or solidarity) dollar, equivalent to the official retail dollar plus a surcharge of 30% deductible from the income tax, was $ 1,735.5.
Among the parallels, the MEP dollar advanced 0.5% to $ 1,329.08, while the dollar counted with liquidation (CCL) It did 0.7% to $ 1,333.81. He dollar Bluerose to $ 1,345 for sale, according to a survey of Scope in the City caves.
The contracts of future dollar They closed with a majority. The “price” market that the wholesale exchange rate at the end of August It will be $ 1,334.5 (implicit TNA of 53.29%), and that in December It will reach up to $ 1,535. The volume operated in futures was US $ 1,586 million.
THE CHANGE OPERATOR Gustavo Quintana He said that, taking into account that the last week of each month enhances the demand for currency for coverage and for closing positions that expire next Fridayof maintaining the financial volatility of these days, “It is concluded that a renewed downward journey of the price becomes something unlikely”.
The market hopes that the Supplies remain in force until October
The economist Gustavo Ber He pointed out that despite high levels in real rates, The exchange rate “threads a gradual rearrangement in the last wheels”and could seek to consolidate at $ 1,300 as a flat at this stage.
“As the usual electoral coverage is intensified, the dollar would continue more sustained”he said, while the expectations prevail among the operators that the Super many remain in force waiting for a more clear political scenario after the October legislative elections.
Operators warn of balance in the peso curve behind Lefis
For its part, the fixed income strategist of criteria, Federico Sibiliahe remarked that there is uncertainty among the operators, since “The Government decided to do everything possible so that it does not overweight, paying the necessary costs.”and that from the disarmament of the Lefis the market and the peso curve seem not to find balance.
However, understand that “The cost of sustaining this scenario becomes unlikely to last beyond October”since the fact that they remain Real rates at these levels “will end up affecting private credit and their role as the main driver of the activity”.
Source: Ambito
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