It is worth remembering that recently the CCL had recovered in just one week $25 of the more than $40 it had lost between the end of January and the beginning of April. However, from there it began to alternate days of rises with days of declines, oscillating between $205 and $210.
For its part, the MEP -also valued with the Global 2030- falls 0.6% this day to $206.37taking the gap to 77.8%.
After an “exchange pax” of almost three months, the search for coverage in dollars accelerated until last week due to various factors, both local and global.
At the domestic level, the poor April in terms of reserve accumulation, and a primary fiscal deficit that complied with what was agreed with the multilateral credit organization in the first quarter, but only due to an accounting “gimmick” in the way of registering income from public debt issues in pesos.
At the same time, the internal discrepancies in the ruling party also brought noise to the markets since the sector that responds to Vice President Cristina Fernández opposes the vision of Economy Minister Martín Guzmán.
Meanwhile, at the international level, there is a limited appetite for risk assets, on a day in which it is speculated that the president of the Fed, Jerome Powell, will announce a historic rise of 50 basic points in the interest rate.
Nor does it contribute to the demand for emerging assets and currencies that the European Union proposed an embargo on Russian oil, among other measures, in what represents its toughest sanctions against Russia in response to the invasion of Ukraine.
official dollar
The wholesale dollar rises 15 cents this Wednesday to settle at $116.02, and ratifies the least advance compared to the previous week.
Last month the BCRA validated a 3.9% ($4.30) rise in the dollar, the highest since the Frente de Todos government took office. Even so, the “crawling peg” continues to run behind inflation that will remain above 5% in April, according to private estimates.
Meanwhile, The monetary authority was able to buy, in net terms, close to US$240 million in the first two business days of May.
In this way, the balance is already higher than everything accumulated in April and raises hopes about a better use of the dollars that come in from the grain harvest.
“The improvement registered in the supply of foreign currency generated a new positive scenario for official activity that in the first two days of the month was about to break the best record so far in 2022 registered in March,” said Gustavo Quintana, from PR Exchange Brokers.
The retail dollar -without taxes- increases 12 cents to $121.45 for sale, according to the average in the main banks of the financial system, while in Banco Nación the ticket rises 25 cents to $121.25.
Thusthe savings dollar or solidarity dollar -which includes 30% of the COUNTRY tax and 35% deductible from profits- rises 20 cents to position itself at $200.39 on average.
The The blue dollar operates lower this Wednesday, May 4, by giving up $1.50 to $202, approaching the solidary, according to a survey of Ámbito in the Black Market of Currencies.
The informal dollar had just registered two consecutive rises: between Monday and Tuesday it accumulated an advance of $3. Recall that in the last three days of last week it had fallen $12.
With everything, the gap with the official wholesale dollar stands at 75.4%. Likewise, the spread with the “contado con liqui” (CCL) fell from $10 to less than $5 on Tuesday, since the price of the “green ticket” on the Stock Exchange ended the session in the area of $208.
Source: Ambito
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