The greatest increases are observed in the financial sector. Meanwhile, the BCRA began selling reservations during the last days to stop the wholesale exchange rate.
He dollar closed a week marked again by The strong exchange volatilitywhile the Central Bank He continued selling reservations this Thursday to try to keep the exchange rate below the ceiling of the flotation band.
He Wholesale dollar operates this Friday at $ 1,474.5a monthly increase of 9.8%, while the ceiling of the exchange band is located at $ 1,475.3. The monetary authority must have part of U $ S53 million This Wednesday to stop the American currency, The first time since April. This Thursday that intervention shot US $ 379 million.
On this point, The Minister of Economy, Luis Caputo, He defended the program after the closing of the last day and He sought to give a message of tranquility for markets. He assured that They will “sell to the last dollar on the band’s roof”. The official remarked that “There are enough dollars for everyone” And he said there will be no changes in monetary policy because the “program is solid.”
In the retail section, The exchange rate closed in an average of $ 1,509.37according to the daily survey carried out by the Central Bank. It is a weekly increase of 2.86%, while So far in September that increase is 10.8%. In the Banco Nación, the currency is slightly listed below, at $ 1,495, and with a 9.9% rise in the last four business days.
BCRA CENTRAL BANK
BCRA CENTRAL BANK DOLLAR RESERVES
Jump in the financial dollar and stock to stop a “rulo”
Where the greatest increases are observed is in financial dollars. In the MEP dollar, which is sold to $ 1,535.40the weekly increase is 3.3%, while in the Counted with liquidation (CCL) It is from 4.3%quoting a $ 1,564.10.
As agreed, this Thursday the BCRA applied New exchange restrictions for directors, managers, large shareholders – and family members – of banks and financial companies authorized to operate in the official change market.
It is with the aim of stopping the “rulo” that many companies were making to cancel debt to the CCL dollar from currencies acquired by “human people.”
Under this context, the dollar bonds collapsed up to 8.6% in Wall Street, while up to 13.4% collapsed in the local stock market. In this way, the curve yields shot at levels between 17.7% and 26.1%.
Parallel market: dollar blue and crypto dollar
For its part, the Blue dollar It is sold to $ 1,510 this Friday at the City Porteña caves, with an increase so far this week of almost 6%. Meanwhile, the crypt dollar is sold to $ 1,543.65according Bitso.
Source: Ambito
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