The official dollar jumped more than $ 40 from political noise and was one step away from its historical record

The official dollar rose strongly in the wholesale segment and dragged the parallel contributions upwards After being close to its historical nominal record ($ 1,374), while the market is growing and the City processes the scandal for the alleged coimas in the national government. Within that framework, the retail exchange rate shot 2.6% in the Nation Bank (BNA).

He Wholesale dollarwhich is the market reference, climb $ 41 to $ 1,362. In turn, the Retail dollar scale at $ 1,367.91 for sale in the average financial entities of the Central Bank (BCRA). The volume operated in the cash segment totaled the US $ 472.2 million.

At the same time, in the BNA climbed $ 35 to $ 1,370. Thus, the dollar card or tourist, and the savings (or solidarity) dollar, equivalent to the official retail dollar plus a surcharge of 30% deductible of the income tax, was $ 1,781.

Among the parallels, the MEP dollar advances 1.9% at $ 1,356.60, while the dollar counted with liquidation (CCL) It does 1.8% to $ 1,360.58. He dollar Bluemeanwhile, it operates up to $ 1,365, according to a survey of Scope in the City caves.

The contracts of future dollar They closed upwards. The “price” market that the wholesale exchange rate at the end of August It will be $ 1,360 and that in December It will reach up to $ 1,553. The sale of future contracts totaled a volume for US $ 2,038 million.

The government faces monetary challenges in the absence of liquidity

The co-founder of Bull Road Investments, Gustavo Gardeyhe pointed to Scope That the factors of the exchange rate can be divided into two parts, on the one hand, the political part and on the other the monetary. In that sense, the specialist explained that A problem in short -term rates persistswith the stock market bond operating around 54% and LECAPS rates above 60%.

“You are having a liquidity problem that is not being solved with the liquidity window offered by the BCRA to the banks, nor with the negative debt roll where it expandedalthough later the vast majority of that surplus was absorbed, “he continued.

This Monday the Government will announce which instruments will be available in the tender next Wednesdaywhere it will evidence what level of liquidity the market demands to meet the demand and lower the pressure of the rates.

Gardey remarked that there is “a rather serious problem”, since “The Government is going far behind the curve against the market” in regard to the control of the amount of moneydespite its intention to release the rate and exchange rate to focus on it.

Regarding political noise for the alleged coimas within the National Government that involve the General Secretary of the Presidency, Karina Mileisaid that this exacerbates the fall of assets, while Economic agents take advantage of the collapse and then resume positions with better entrance priceswhile positioning in short -term interest rates with liquidity in hand, such as the futures market, prior to the elections.

The political noise and caution of the operators

The economist Gustavo Ber He said that before the growing noises and the greatest caution that the operators are evidenced by waiting for the post-October map, private surveys “could gain centrality in order to try to measure the humor of the voters within a context of marked polarization.”

He also stressed that in the last wheels there is a greater demand regular product coverage in electoral stages, which rearrange the dollar towards the $ 1,350, beyond the fact that high actual rates remain in force following the monetary squeeze.

In the last hours, the Minister of Economy, Luis Caputodefended the criticism of the strategy to contain the dollar by the government and insisted that interest rates “are endogenous” and that volatility responds to pre -election context, although he acknowledged that “there could be some impact on the level of activity in the short term.”