For its part, the MEP -also valued with the Global 2030- fell 0.3% to $207.08. Therefore, the spread with the wholesaler directly regulated by the BCRA fell to 76.87%.
Analyst Gustavo Ber maintained that “given the growing attention aroused by the dynamics of the accumulation of reserves, the operators accentuate their attention on the daily interventions and so it is that any decrease in the pace of purchases is of particular concern since it is still going through the second quarter of greater seasonality in the supply of foreign exchange“.
Nonetheless, financial dollars “extend the recent lateralization stage, possibly leaving behind $200 as a floor and aspiring in the best of scenarios to a gradual upward slide – still below the high rate of inflation – given nominal value,” he added.
official dollar
The Central Bank (BCRA) cut its buying streak and this Wednesday it sold reserves in a net way for the first time. The monetary authority had to dispose of some US$20 million, thereby reducing its positive balance to US$615 million.
In that framework the dollar today -without taxes- increased 22 cents this Wednesday, May 11, to $122.50 for saleaccording to the average in the main banks of the financial system, while in Banco Nación the bill rose 25 cents to $122.50 for sale.
The savings dollar or solidarity dollar-which includes 30% of the PAÍS tax and 35% deductible of profits- it rose 37 cents to $202.13 on average.
The wholesale dollar directly regulated by the BCRA, rose 15 cents to $117.08.
“Official activity on the date focused on compensating for specific imbalances between private supply and demand, on this occasion, with sales that addressed the insufficiency of genuine supply,” explained Gustavo Quintana.
And he expanded: “For the first time so far this month, the Central Bank had to make sales in the sector where banks and companies operate in order to make up for the lack of supply, interrupting a virtuous cycle of eight consecutive rounds with net purchases in the market”.
Dolar blue
The blue dollar accelerated its upward trend this Wednesday, May 11, and hit a two-week high, according to a survey by Ámbito in the Black Foreign Exchange Market.
The informal dollar advanced $3 to $205, accumulating an increase of $4 so far this week. Thus, the gap with the official wholesale dollar was 75.1%.
Source: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
