Conversely, The MEP or Stock Exchange -also valued with the Global 2030 bond- rises a slight 0.1% to stand at $190.33although the gap falls to 70% due to the higher rise of the wholesaler.
The CCL has accumulated a collapse of 18.7% since the beginning of the understanding with the International Monetary Fund (IMF) was announced at the end of January. Within the framework of the agreement, the Central Bank (BCRA) has been adjusting interest rates upwards and accelerating the rate of devaluation.
That, added to the attractive context to carry out “carry trade” taking advantage of the rates of the titles indexed to inflation (CER), contributes to reduce the demand not only of the financiers, but also of the blue dollar, which on Tuesday sank $3 to its lowest face value of 2022.
It is worth noting that, despite the nominal corrections established by the monetary authority, both the “crawling peg” and the rates in pesos continue to run behind an inflation that in March could record its highest monthly advance since 2018, which worries investors. with a view to meeting the objectives set out in the agreement with the IMF.
The economist Gustavo Ber relativized the sale of foreign currency that the BCRA had to carry out in several of the last days to supply the demand since “the forthcoming arrival of foreign currency from the countryside allows – unlike other occasions in the past – said dynamic does not arouse concerns and that is how the climate of exchange calm spreads”.
However, a report from the Invest Online (IOL) brokerage company warned of the complications that the soybean and corn harvest could suffer as a result of the shortage of diesel and the escalation in its price, a situation that led to transporters of grains, integrated into the Federation of Argentine Transporters (Fetra), to make the decision to carry out a national strike on April 11 for an indefinite period.
Given the difficulties in importing energy in the world due to the war between Russia and Ukraine, Argentina agreed on Tuesday with Bolivia the main guidelines to obtain a greater supply of natural gas during the coming winter.
official dollar
In the official segment, the wholesale exchange rate rose 13 cents and closed at $111.83which is why it is already advancing at its highest annualized rate since January of last year.
After an adverse end to March, the BCRA added its second round in a row with a favorable result in its intervention in the foreign exchange market, since it was able to end with a net purchase of US$25 million.
For its part, the Savings dollar or Solidarity dollar -retail plus taxes- grew 14 cents to $193.22.
Dolar blue
The blue dollar operates at $196 and it remains at a low for the year, moving away from $200, according to a survey by Ámbito en el Mercado Negro de Diversas.
The informal dollar fell $3 in the previous session, registering its lowest value since mid-December. Thus, the exchange rate gap stands at 75.5%, the lowest level in 9 months.
Source: Ambito
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