At the same time, “carry-trade” tactics are accentuated, given the increasing rates offered by instruments in local currency.
On a very positive day for risk assets in the world (European stock markets flew up to almost 8%), the dollar “counted with liqui” (CCL) -operated with the Global 2030 bond- it falls by $4.51 (-2.3%) to $194.16, with which the gap with the officer is reduced to 78.6%.
While, the MEP dollar-also valued with the Global 2030 bond- down $3.94 (-2%) to $190.60, leaving a spread of 75.3%.
“The calm is being reflected in the progress of financial dollars, which continues to deflate and thus contributes to the contraction in the “gap” already to less than 80%”commented an operator.
The The Central Bank ended with a slightly positive balance this Wednesday (US$1 million), with which so far in March it has accumulated purchases for some US$450 million. This is the best start to the month in the last four months, a fact that may encourage expectations of an incipient recovery of reserves in a scenario of less tension, in the midst of the legislative debate on the agreement with the International Monetary Fund. Thus, the positive annual balance exceeds US$120 million.
From the market, they point out that this positive balance on the part of the BCRA occurs in a context that may be under the influence of different situations: they liquidate due to a price increase, fear of an increase in withholdings, a context of greater calm in relation to the presentation of the agreement with the IMF in Congress. In addition, they indicated that another additional factor could be the recent rate hike.
official dollar
The savings dollar or solidarity dollar -retail plus tax- up 49 cents to $188.69 on average, about $5 below the MEP dollar, the narrowest gap in more than 4 months. is that the dollar -without taxes- increased 30 cents this Wednesday, March 9, 2022, at $114.06, according to the average in the main banks of the financial system. In turn, the retail value of the currency at Banco Nación rises 25 cents to $114.
For his part, the wholesale dollar, which is directly regulated by the BCRA, rises 14 cents to $108.70.
On the other hand the blue dollar rises $1 this Wednesday to $203according to a survey carried out by Ámbito in the Foreign Exchange Black Market.
After falling $10 in the short last week, and reaching close to $200 last Monday, the parallel dollar had already climbed $1 on Tuesday. This way, the gap with the officer amounts to 86.8%.
The uncertainty prior to the announcement of an understanding between Argentina and the IMF over the debt had caused the blue dollar to skyrocket, reaching $223.50 on Thursday, January 27, its nominal historical maximum so far. Since then, he accumulates a low $23.
Source: Ambito
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