The wholesale exchange rate collapsed almost $ 150 pesos the temporary measure of zero retentions and US treasure ads.
He Official dollar closed near the $ 1,330minimum levels of the month, and scored its greatest weekly fall from the assumption of Javier Mileias a consequence of greater income from agriculture, than He already completed the quota of retentions zero for US $ 7,000 million in just three days. On the other hand, the financial ones rise strong after the ads of the new restrictions by the Central Bank (BCRA).
This Thursday, the director of the BCRA, Federico Furiaseannounced in X that the new measure of the monetary entity “It does not prevent human people from buying dollars to save” in it Single and Free Market (Mulc)but these “can buy those that their patrimonial situation allows them.” “What does not allow is that with those dollars they supply the financial dollar market. The decision seeks to avoid distortions in the change market”added the chief in reference to the regulations, which was not received by the best way from the market.
In this framework, The wholesale dollar fell 10.1% in the week and closed to $ 1,326its lowest level since the end of August, but financial dollars climb strongly: The MEP rises 2.4% to $ 1,412.99, while the CCL does 2.6% to $ 1,440.50and the gap with the official exchange rate is 5.6% and 7.9%, respectively. In turn, the Blue dollar He climbed $ 5 to $ 1,415 for sale, according to a survey of Scope in the City caves.
Pablo LazzatiCEO of Financial Insiderexpressed at the beginning of the wheel: although the MEP dollar opened the day with relative stability, facing Monday the focus was put on the impact of zero retention for agro exports, since if necessary A liquidation volume close to US $ 5,000 millionas the market anticipated, “the entry of that offer to the financial system could press the financial exchange rate, leading it to the $ 1,300 zone.”
On the other hand, the retail dollar closed to $ 1,315.97 for purchase and $ 1,364.73 For sale In the average of the financial institutions published by the BCRA. Meanwhile, in the Nation Bank (BNA)the ticket made it to $ 1,300 For purchase and $ 1,350 For sale. Thus, the Card or tourist dollarequivalent to the official retail dollar plus a surcharge of 30% deductible from the income tax, it was located to $ 1,755.
Future dollar contracts closed with casualties up to 1.6%. The “price” market that the wholesale exchange rate at the end of September will be $ 1,334, and that In December it will reach up to $ 1.517which exceeds the roof of the band.
Treasury Buy currencies: how many dollars it took
The situation of the full quota began to be used by the treasure, since it was reflected in the variation of gross reserves International BCRA, which grew last Thursday $ 317 million.
“With today’s monetary data, we confirmed that on Tuesday the treasure would have acquired US $85 million, since its deposits in foreign currency in the BCRA climbed in that magnitude and, in parallel, its deposits in pesos fell in the same amount. Today, today, today, The gross reserves of the Central climbed US $303 million by the positive effects of gold valuation, Yuan and Degs. This would suggest that the treasure bought againeither yesterday in t+1 u today in cash, “they detailed from the stock market Personal Investments Portfolio (PPI).
on Wednesday ARK He communicated at the last minute that the “retentions zero” window was closed because The cap of US $ 7,000 million in just three Conference. Thus, the settlement of the AGRODOLARS, rose strongly against the previous days: On Tuesday 23, US $ 288 million were settled on Wednesday 24, US $ 534 million, according to market sources. This greater supply of dollars made the spot fall, but, contrary, the futures shot up.
The economist Gabriel Caamañoof Outlierhe informed that almost US $ 2,800 million were registered in the volume operated this Thursday in the future dollar market, “with increases in all contracts and implicit that, with the exception of September, for the maturities here at the end of the year they settled above 50% per year”, for this expert there was a “Strong demand for coverage as a complement to the strong liquidation in the MLC”.
Source: Ambito
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