While, the MEP -also valued with the Global 2030- goes back in the same proportion in this round, to settle at $202.94. In this case, the gap is located at 75.9%.
It is worth remembering that Tuesday of last week and Tuesday of this week, prices recovered up to $25 of the more than $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 foreign exchange coverage during the previous days.
In this framework, the Ministry of Economy was unable to refinance all the debt maturities in pesos that it had in April, something that had not happened since August 2021. Even so, in the first four months it obtained net financing of $573,000 million, equivalent to 0 .94% of GDP.
As expected, about 40% of the amount awarded in the last auction of the month corresponded to securities indexed to inflation (Lecer and Boncer).
“Our macroeconomic projections lead us to privilege instruments that adjust by CER at these levels. For their part, instruments tied to the official dollar seem to have a ‘free’ option in the face of a disruptive global event that forces the Government to accelerate the rate of devaluation Delphos Investment deepened in this regard.
official dollar
The official wholesale exchange rate rises 14 cents this Thursday to stand at $115.32, under the strict regulation of the BCRA. In the week it accumulates a rise of $1.09, lower than that of the previous week ($1.26).
Meanwhile, the monetary authority is still unable to take advantage of the heavy harvest season to accumulate reserves. After selling US$60 million on Wednesday, the entity led by Miguel Pesce ended its intervention on Thursday with a neutral balance, maintaining the positive accumulated figure for April at just over US$160 million.
Market sources assured that a greater demand for foreign currency is always activated at the end of the month due to the closing of positions.
“At this rate, only a miracle – or other manna from heaven – will see IMF net reserve targets met,” brokerage StoneX said.
For its part, the retail dollar -without taxes- increase 12 cents this Thursday April 28 at $120.41 for saleaccording to the average in the main banks of the financial system.
Thusthe savings dollar or solidarity dollar -which includes 30% of the PAÍS tax and the 35% deductible of profits- amounts to 20 cents to $198.68 on average.
The The blue dollar records a new low this Friday, April 29, with which it accumulates a loss of $13.50 on three wheels, according to a survey of Ámbito in the Black Market of Currencies.
In a very volatile parallel market, the informal dollar plummeted another $6 to settle at $199, $4 below the previous week’s close.
Consequently, the gap with the official wholesale exchange rate stands at 72.6%.
Source: Ambito
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