The wholesale exchange rate exceeded the roof of the band. The lack of foreign exchange and how many should burn the Central Bank to defend this scheme.
He Official dollar The upper threshold of the flotation bands broke for the first time since the implementation of this scheme, which enabled the Central Bank (BCRA) to get rid of currencies to try to lower the price of the foreign currency. He Wholesale dollarwhich is the market reference, closed to $ 1,474.5 and according to data from the monetary entity itself the intervention was US $ 53 million, much more above than the speculation of the City.
In this way, the Wholesale dollar closed at $ 1,465.50/$ 1,474.50 per unit, $ 5.5 above Tuesday’s closure. The volume operated in the cash segment was US $ 385,955 million and in future US $ 801 million. In the first three days of this week The wholesale dollar rose $ 21.5, at this point of last week the dollar used by agro -exporters had increased $ 68.5.
The BCRA did not make sales in the change market since last April 11, when it implemented the dirty flotation scheme. “The looks will above all to ratify the commitment of the authorities regarding the flotation scheme at this stage, and the amount – as well as the speed – of currencies that could be necessary to use at this stage”said the economist Gustavo Ber.
As for the future dollar market, from ADCAP They assured that “The active BCRA in the wheel selling DLR/SEP25 to maintain it with an implicit below 0% (closed at -5%), which did not generate effect on the spot, which remained a policyholder until closing. “ They also confirmed that there was intervention in long contracts, again in May 2026, which had An increase in open interest of 50,713 contractsas well as in June 2026, with an increase of 39,995 contracts.
A agitated morning and a debate for an offer of US $ 10 million
Before noon appeared A “strong sale” posture of US $ 10 million in the market at $ 1,474.50, as soon as the spot dollar had exceeded the band’s roof. And well some voices of the City had come to say that it was already the BCRA intervening, “The registered transaction seems to have been between private entities“He clarified at that time, Gustavo Quintana, operator in the PR market.
Other analysts confirmed that a transaction for US $ 10 million was carried out at a change rate of $ 1,474.5. Ratified that The operation was direct between parts, without going through the electronic platform, Which means that it was not visible to the entire market, which generated confusion. It was probably speculated It was a exchange rate, that is, a simultaneous purchase and sale operation with different deadlinesused to finance or cover.
Finally market sources assured the scope that BCRA intervention was completed more entry in the afternoon and that the amounts would amount to US $40 million. At the close of the day, the monetary entity gave the official number: currencies were sold for US $ 53 million. In addition voices of the City warned that the offers that the BCRA made available to the market rose to US $1 billion.
“Much presence of private was noticed before the order of the BCRA, where the majority of the volume was operated today. The key to The next few days will be to see if the private ones continue to put many sales ordersknowing that the BCRA will defend the band and obviously monitor whether the demand is runaway or not. While $ 50 million would not seem to be a worrying volume, it is the first wheel, so it is to monitor as follows the novel, “they said from IEB.
The blue dollar accelerated advances and became the most expensive in the market
Meanwhile, in the retail market, The ticket also accelerated progress and quoted at $ 1,435 for purchase and $ 1,485 for sale at the National Bank. Among the parallel contributions, the Accounting liquidation (CCL) was $ 1,492.30 (rose 0.5%), the MEP to $ 1,481.37 (advanced 0.8%), the Blue at $ 1,470 and the crypto dollar is sold at $ 1,508.78according to the average published by Coimmonitor.
Source: Ambito
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