“Argentina It is a systemically important ally from the US in Latin America, and The US Treasury is willing to do whatever necessary within its mandate to support Argentina“said the secretary of the US Treasury, Scott Besent.
Through his “X” account, the official of Donald Trump It was categorical to maintain that “All stabilization options are on the table.” He also said that these options may include SWAP lines, direct currency purchases or public debt called in US dollars of the exchange stabilization fund of the treasure.
In that context, the dollar wholesalerwhich is the market reference and by which the agro -exporters liquidates, it is sold to $ 1,448, after opening to $ 1,475 and descending to $ 1,420 in the course of the wheel.
According to market sources, The monetary authority will defend the roof of the band, which is currently located at $ 1,476.50, with an offer of US $ 200 million. However, they advanced that “After the temporary withholding ads, a lot of private offer begins to appear ahead of the band’s value”.
For its part, the Retail dollar quotes $ 1,409.49 for purchase and $ 1,468.78 For sale In the average of the financial institutions published by the Central Bank (BCRA). Meanwhile, in the BNAthe ticket is done to $ 1,420 For purchase and $ 1,470 For sale. Thus, the Card or tourist dollarequivalent to the retail official dollar plus a surcharge of 30% deductible from the income tax, it is located $ 1.911.
Among the parallels, the dollar Blue falls $ 40 to $ 1,480 for saleaccording to a survey of Scope in the City caves. For its part, the Dollar MEP goes back 5.4% to $ 1,466.55 and the gap against the wholesaler is 1.3%. Meanwhile, the dollar counted with liquidation (CCL) low 6% to $ 1,473.07with an Spread of 1.7% compared to the official price.
Dollar contracts operate with a majority. The “price” market that the wholesale exchange rate at the end of September will be $ 1,436, and that In December it will reach up to $ 1,586, what exceeds the roof of the band.
Remove Agro withholdings
Shortly before, it was known that there will be removal of retentions until the end of October. He decree states that those who export The products achieved must liquidate at least 90% of the currencies obtained within three business days after the DJVEeither by charges, advances of liquidation or external financing.
“This scheme could help modehe said to Scope, Mariela BrandolinFinancial grain and investment market consultant.
For this expert, The elimination of retentions will generate an immediate impact on the grain market. With this change, soybeans could record a rise close to US $ 15 per ton, while corn and wheat would have an estimated increase of about US each.
“However, The full effect of these improvements could be attenuated In the event that producers decide to sell large volumes immediately, since A significant increase in the offer would press prices“He said and expanded:” Anyway, It is a clearly favorable scenario, which will drive producers to specify sales“
Brandolin says they still have to liquidate: 23.4 million soy tons, and 26.4 tons of corn, approximately US $ 15,000 million.
The expectant market: Look closely at the intervention of the BCRA
On Wednesday last week, the dollar played the band’s roof for the first time since the beginning of the flotation scheme and generated a strong currency detachment by the Central Bank.
So, Only in the first two days, he sold US $ 432 million and on Friday the figure was worrying: US $ 678 million, which implies in three days liquidated US $ 1,110 million. This clearly put the City alert that already speculates on a change in the scheme in the short term.
Source: Ambito
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