He Crypto dollar It collapses more than 6% this Tuesday, September 23 and anticipates what could be repeated in the exchange market, in the middle of the expectation for the meeting between Donald Trump and Javier Milei in New York, within the framework of the UN General Assembly. According to the coimmonitor portal, The crypto dollar falls 6% and is located at $ 1,468.
In that context, the dollar wholesalerwhich is the market reference and by which the agro -exporters liquidate, it opens to $ 1,408 for sale. For its part, the Retail dollar quotes $ 1,383.34 for purchase and $ 1,438.30 For sale In the average of the financial institutions published by the Central Bank (BCRA).
Meanwhile, in the BNAthe ticket operates $ 1,380 For purchase and $ 1,430 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 $ 1,859.
Among the parallels, the dollar Blue quote $ 1,475 for saleaccording to a survey of Scope in the City caves. For its part, the Dollar MEP operates at 1,427.51 and the gap against the wholesaler is 1.4%. Meanwhile, the dollar counted with liquidation (CCL) remains at $ 1,440.87with an Spread of 2.3% compared to the official price.
The attention is set in possible ads related to an eventual “salvage” from the United States to the Argentine government. On Monday, the official dollar had already backed up $ 85 in the retail segment and closed at $ 1,430 at Banco Nación, after the explicit support of the US Treasury and the confirmation that zero retentions for grains and meats return until October 31.
With the collapse of financial dollars as a backdrop, The market anticipates that the exchange rate could continue to retreat in the next few daysfavored by the greater liquidation of agriculture and a lower demand for foreign exchange after the US support announcement. Assistance would provide the government with a key respite to sustain exchange calm to elections.
“ Argentina It is a systemically important ally from the United States in Latin Americaand The US Treasury is willing to do whatever necessary within its mandate to support Argentina“said the secretary of the US Treasury, Scott Besent.
How Besent’s message hit the market
The market reacted with Immediate euphoria. The sovereign bonds They erased the losses accumulated last week: they climbed between 14% and 18%while the country risk He collapsed 25.6% to 1,083 points (From the 1,456 previous). Financing alternatives by USA They begin to guarantee for the market the payment of the maturities of January (U $ 4.200 million). Beyond the eventual use or the concrete size of an assistance program, investors interpreted the gesture as a clear sign of political and financial willenough to begin to revive expectations after recent turbulence. Of course, as of Tuesday, the looks will be placed in the definition of concrete measures.
Dollar contracts closed with important casualties up to 7.2%. The “price” market that the wholesale exchange rate at the end of September will be $ 1,397.5, and that In December it will reach up to $ 1,526which exceeds the roof of the band. In total, contracts for US $ 686 million were operated.
The Chief Economist of ADCAP, Federico FilippiniHe stressed that the support expressed by the US Treasury, backed by the head of the International Monetary Fund (IMP) Kristalina Georgievait was “forceful” and that “the ideological and geopolitical alignment of Argentina with Washington was key.”
“The markets have already reacted, erasing the falls of the last days and carrying prices at the levels after the elections of the province of Buenos Aires”the specialist added, who believes that the support, added to the announcement of the transient decline of the withholdings to the field, “Dissipa the risks of loss of reserves and grants more time to the exchange band regime”.
In that line, Nicolás Cappellaof IEBhe said in X that, to the extent that the market is increasingly convinced that the green ticket will not jump again, “The current rates continues to favor the ‘Carry’, even more knowing that the BCRA goes out to defend the band”.
“Anyway, we believe that attentive to the new tender of the Treasure In a few days, The government is convenient for the rate to fall, to be able to roll up more accessible rates“He added.
Source: Ambito
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