The American currency goes back in the wholesale and retail segments for the fourth consecutive day.
The dollar falls for the fourth consecutive day in the wholesale segment and is aimed at scoring its first monthly fall of the Government of Javier Milei after shooting 14% in July. The decline occurs after different official mechanisms to contain the liquidity of pesos that was generated as a result of the end of the Lefis (Fiscal Liquidity Letter). Among the latest measures, the Central Bank (BCRA) He launched more new restrictions for currency management by banks.
He Wholesale dollarwhich is the market reference, low $ 12 (0.9%) to $ 1,321. In addition, he is aimed at closing his first month in low since the start -up of the bands and the government of Javier Mileisince there was previously a “crawling-peg” that administered the devaluation of the currency.
He Retail dollar He did it $ 1,337.78 for sale in the average financial entities of the Central Bank (BCRA).
In it Nation Bank (BNA) Rao 0.7% to $ 1,335. Thus, the dollar card or tourist, equivalent to the official retail dollar plus a surcharge of 30% deductible from the income tax, was located in $ 1,735.5.
Among the parallels, the MEP dollar yields 0.7% a $ 1,335.14, while dollar counted with liquidation (CCL) loses 0.1% to $ 1,340.13. He dollar Bluemeanwhile, it remains at $ 1,350, According to a survey of Scope in the City caves.
New restrictions for banks
As of December, lBanks must comply with the limits to their negative net position in foreign currency And that, in addition, That position cannot exceed 30% of your computable patrimonial responsibility (RPC). This was announced by the BCRA in the “A” 8311 communication published this Friday.
In this way, the possibility of carrying the banking entities is limited, which continue to disagree with the government for the last restrictions it applied.
However, the measure that most caught the attention and angered the entities is that They will not be able to increase their net negative position in foreign currency during the last business day of the month With respect to what I had the day before. This measure is immediately valid.
It is a decision oriented to that the BCRA recover some margin of intervention in the future dollar marketwhere it was getting closer to limit, already moderate the demand for currencies in the cash market during the last wheel of the month.
Interest rates: the market believes that they can fall due to the decline of the activity
Market sources believe that the level of rates should fall from the negative effects on economic activityeither for a good result of the ruling party in the next elections or for a higher exchange rate than to increase the supply of foreign exchange.
In this regard, the economist Gustavo Ber He said that after the last “rearrangement” of the exchange rate, some operators who seek to take advantage of high yields in pesos with one eye in the dynamics of futures.
“To the extent that constructive electoral signs for the ruling party arrive, levels of $ 1,400 could be re -testified before the usual dollarization that usually accompanies the electoral periods,” he said.
Source: Ambito
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