The official dollar scored the largest weekly rise since the devaluation of 2023 and was only 1.3% of the band’s roof

The official dollar scored its largest weekly rise in the wholesale segment since the devaluation of 2023 and was only 1.3% of the band’s roof. In the course of the wheel, the market speculation about a possible intervention of the Central Bank (BCRA) After, at noon, an sales order appeared on the screen to $ 1,472, just above the top of the flotation band. At the same time, the CCL It jumped to more than $ 1,480 and exceeded the upper stretch of the exchange scheme of the official exchange rate.

The green ticket climbed 1.5% to $ 1,453 this Friday and accumulated an increase of 7.2% ($ 98) in the week, the largest weekly correction since the devaluation at the start of the government of Javier Milei. Thus, the dollar was located in a new historical nominal maximum product of the upward pressure from the defeat of the national government in the elections of the province of Buenos Aires. In the counted segment a volume of almost US $ 388.6 million was operated.

Before the approach to the roof of the band along the wheel, A market source said that at noon “atypical orders” began to appear that They reached US $ 300 millionwhich suggested that they could come from the central.

In turn, an operator consulted by Scope He said that the fact that these orders correspond to the BCRA were “conjectures” of the market at those levels, but recalled that if the prices played the superior band, there will surely be intervention of the monetary entity.

Along the same lines, the financial analyst Christian Butersaid in X that this position that was seen in the opening not only was not operated, but was not made by the BCRA. The wheel was marked by a strong private volume, about $ 15 below the ceiling of the flotation band ($ 1,471.9).

Uncertainty grows in the market prior to the October legislative elections

The Ecogo Consultores economist, Rocío Bisangsaid a Scope that are still many days for the elections and “Uncertainty is high” on the exchange ratehence They do not rule out “some other new shake” prior to the legislative of October.

As for the rates, where the three -day hiper Ministry of Economy He got a rollover of 91.4% of the maturities.

“For the next few days we hope that they will continue to measure as long as the monetary squeeze that we saw prior to the elections does not continue to deepen,” said Bisang, who believes that The margin for the rate is littlewith an exchange rate that is expected with interventions if it exceeds the ceiling of the flotation band.

The dollar counted with liquidation shot over the officer’s band

He MEP dollar advanced 1.2% at $ 1,468.46 and the gap against the wholesaler is 1.1%. Meanwhile, the dollar counted with liquidation (CCL) climbed 2.4% to $ 1,481.12 And it was above the band, with an Spread of 1.9% compared to the wholesale price. He dollar Blue climbed $ 15 and closed $ 1,425 for saleaccording to a survey of Scope in the City caves.

For its part, the retail dollar closed to $ 1,414.58 for purchase and $ 1,467.42 For sale In the average of the financial institutions published by the Central Bank (BCRA). Meanwhile, in the BNAthe ticket made it to $ 1,415 For purchase and $ 1,465 For sale. Thus, the Card or tourist dollarequivalent to the official retail dollar plus a surcharge of 30% deductible from the income tax, it is positioned in $ 1,904.50.

Future dollar contracts closed upwards. The “price” market that the wholesale exchange rate at the end of September will be $ 1,464, and that In December it will reach $ 1,605. In total, futures operations totaled US $ 1,734 million.

From ADCAP They pointed out that, Despite the size of the sale order on the band’s ceiling, the fact “did not seem relevant to the market, which remained paying until closing“. They also stressed that “The futures remained equally pressured as the spot, with a very active BCRA in the wheel”particularly with strong sales in the DLR/SEP25 contract, which “remained contributing much of the day with an implicit below 15%, under the logic of ‘sell me the spot and buy the future’, seeking to take pressure from the exchange rate.”