While, the MEP dollar or Stock Exchange -also valued with the Global 2030- yields 0.9% to $189.94for which the exchange rate gap reaches 68.6%.
The weakness of these financial exchange rates occurs while investors continue to launch towards the ´carry-trade´ especially through the shorter CER titles, due to the high inflationary expectation. “Accruing high rates could continue leaving attractive short-term returns in dollars”indicated the economist Gustavo Ber.
Waiting for the inflation data for March, CER (inflation-adjusted) bonds are the main winners. Among the different alternatives of these instruments, the Boncer 2023 (TX23) stands out “despite the proximity of its expiration”, reinforced from Cohen.
Financial exchange rates continue to appreciate substantially since the end of January and are currently “at a level similar to that observed between August 2019 and March 2020, that is, the period between PASO 2019 and the beginning of the strict quarantine by COVID-19”commented from Delphos Investment.
The Central Bank will discuss a possible rise in the interest rate to face the escalation in the March price index, which will be announced this afternoon. In September 2018, inflation climbed to 6.5%, a level that is believed to be similar to that reported for the third month of the year.
“After the harsh inflation data that is being discounted, operators will begin against the clock to wait for a new rise in the BCRA rate, in search of improving the attractiveness of placements in pesos, encouraging the liquidation of exporters and aligning it with the strategy of gradual acceleration in the crawling-peg”, an operator pointed out.
official dollar
The retail dollar -without taxes- increases 22 cents this Wednesday, April 12, 2022, and trades at $118.32, according to the average in the main banks of the financial system. In turn, the retail value of the ticket in the Banco Nación raises 25 cents to $118.
Thus, the solidarity dollar -which includes 30% of the PAÍS tax and 35% deductible of profits- rises 36 cents to $195.23 on average, thus surpassing the blue level, for the first time since June 2021.
For its part, the wholesale dollar, directly regulated by the BCRA, up 14 cents to $112.90.
The monetary authority added its sixth day on Tuesday without foreign currency sales, although the market expects a higher level of net purchases in the official market, taking into account that we are in the middle of the soybean and corn harvest season.
The blue dollar is stable at $195according to a survey carried out by Ámbito in the Foreign Exchange Black Market.
The parallel dollar It is trading for the eighth consecutive day below $200and is at its lowest level since last October.
Thus, the gap with the official wholesale dollar is below 73%.
More news about the Blue Dollar and the Dollar
Neither the Government nor the IMF: on whom will the next value of the blue dollar depend?
How much will the dollar reach in 2022, according to Argentine businessmen
Notes on the peso market: CER or Dollar Link?
Source: Ambito
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