The wholesale exchange rate climbed just $ 1 after a new official participation in the Mulc.
He Official dollar rose slightly in the wholesale segment before a new treasure intervention, for at least $ 1550 million, market sources estimated. In this way, calm extends in the official exchange rate after Tuesday the Government He communicated that he would begin to intervene in the Mulc, in order to contain the pressures a few days of the legislative elections in the Province of Buenos Aires.
He Wholesale dollar He climbed just $ 1 to $ 1,362.5. In turn, the Retail dollar closed $ 1,382.69 For sale In the average of the financial institutions published by the Central Bank (BCRA). The volume operated in the cash segment was almost US $ 572 million, with the monetary entity as the main seller, on account and order of the Treasury, for a sum around US $ 1550 million, according to the most conservative estimates of the market. Others in the City believe that official sales exceeded US $200 million in the day. Indeed, the accumulated bleeding would have a floor of US $ 400 million in three days.
Sales close to US $ 200 million on the first day of intervention after the ad
This Thursday the BCRA announced that Treasury deposits in the coffers of the monetary authority fell by US $238 million au $ 1,431 million Last Tuesday. With which, if payments are discounted to multilateral organisms for some U $ 40 million, Official sales in the Mulc on the first day of “bleached” intervention were located around au $ 200 million, Above the US $ 1550 million estimated by the market.
In it Nation Bank (BNA), For its part, the ticket closed to $ 1,335 For purchase and $ 1,375 For sale. Thus, the dollar card o Tourist, equivalent to the official retail dollar plus a surcharge of 30% deductible from the income tax, is located in $ 1,787.5.
Among the parallels, the MEP dollar rose 0.5% to $ 1,377.58, while the dollar counted with liquidation (CCL) It did 0.7% to $ 1,381.15. Also, the dollar Blue rose $ 15 to $ 1,365, according to a survey of Scope in the City caves.
For their part, future dollar contracts closed upwards. The “Price” market that the wholesale exchange rate at the end of September will be $ 1,406 and that in December will reach $ 1,557, which exceeds the band’s roof. In total, US $ 1,428 million were operated this Thursday in the market.
Meanwhile, the gross international reserves In the coffers of the BCRA they fell at US $208 million au $ 40.635 million.
The economist Federico Glustein pointed to Scope that in recent days it became evident that there is “an avidity due to the dollar that deserves some type of intervention to avoid the climbing that touches the band’s roof.” In that line, The specialist senses that the Government will continue with this scheme at least to the legislative elections of October 27 to hold a calm dollar below $ 1,400.
Glustein remarked that if a difference in favor of Peronism of more than 5%, and since the market discounts a limited victory from the opposition, a new “exchange tension” scenario could “force” to sell more dollars “and some extraordinary measure to calm the dollarbut that the government “cannot raise the rate.”
From ABC Changing Market They affirmed that the market is still conditioned by the intervention of the Treasury, “with a clear saleswoman in $ 1,362 that works as ‘wall’ and limits the rise.”
Although the intervention generates uncertainty among the operators, the regulation is seen as a conjunctural at this electoral stage, market sources indicated. “It happens that investors and the IMF are craving to accumulate reserves, since this would improve the chances of substantially reducing the country riskwhich could open space to recover access to the rollover of debt in dollars, “said the economist Gustavo Ber.
On Wednesday, the Secretary of Finance, Pablo Quirnoin an interview with the journalist Antonio Laje, he said that “A Bank of Chinese origin” (in clear reference to the ICBC) with a close position au $30 million, which he accused of “trying to raise the price of the dollar and did so, with a rise of $ 40with a very small volume and that is because of the liquidity in the market. “
Source: Ambito
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