While, the MEP -also valued with the Global 2030- drops $2.58 (1.2%), to settle at $209.60. In this case, the gap is located at 82.2%.
Since last week, financials have been exhibiting strong rebounds and recovering a good part of the $40 they had lost between the end of January and the beginning of this month.
At the local level, the pressure of inflation on the rest of the variables in nominal terms, some doubts about meeting the goals with the International Monetary Fund (IMF) and a level of accumulation of reserves lower than expected for this time of year, were factors that put pressure on the search for currency hedging.
The Ministry of Economy will place this Wednesday a basket of letters and bonds in pesos, made up of titles at a fixed rate, at a variable rate, and indexed to inflation. As happened in the previous tender, a strong demand for the latter is expected, in a context in which the monthly inflation rate is the highest in 20 years.
Likewise, the amount of the debt obtained will be key to having more certainty regarding the financing of the Treasury and the needs to increase the monetary issue, at a time when the Government launched new bonds for the sectors most affected by the acceleration in prices.
“Today’s auction will be key to understanding whether investors continue to bet on placements in pesos or if they prefer not to continue running exchange risk in a more hostile global environment,” said the StoneX brokerage.
At the same time, the confinements in China due to Covid-19, the war in Ukraine and a rise in the rates of the world’s main central banks are issues that added to the intrigues about the local economic future despite the recent agreement with the IMF.
official dollar
The official wholesale exchange rate rose 19 cents this Wednesday to stand at $115.04under the strict regulation of the BCRA.
The monetary authority ended its intervention in the foreign exchange market with a positive net balance of US$15 million on Tuesday. A few days before the end of the month, the accumulated figure for April gives a result in favor of US$230 million, although the market expected a larger result, taking into account the foreign exchange income that usually occurs at this time for exports of grain.
For its part, the retail dollar -without taxes- increases three cents this Wednesday, April 27, to $120.13 for sale, according to the average in the main banks of the financial system, while in the Banco Nación the ticket remains unchanged at $119.75 for sale.
Thusthe savings dollar or solidarity dollar -which includes 30% of the PAÍS tax and the 35% deductible of profits- amounts to four cents at $198.21 on average.
The blue dollar scores its first drop in 10 days this Wednesday, April 27 and erases half of what had jumped in the previous wheel, according to a survey of Ámbito in the Black Market of Currencies.
The informal dollar falls $3.50 to $209, after shooting up $7 on Tuesday and rising $2.50 on Monday. In this way, the gap with the official wholesale exchange rate drops to 81.7%.
Market sources estimate that operators close to the ruling party are intervening in the informal exchange circuit to decompress recent pressures on the currency.
Source: Ambito
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