In the Buenos Aires stock market, the dollar “counted with liqui” (CCL) -operated with the Global 2030 bond- it rose $10.13 (+4.5%) to $237.74, the nominal maximum since last January, with which the gap with the wholesale exchange rate widened to 94.4%.
For its part, the MEP dollar -also valued with the Global 2030- it advanced less, $4.17 (+1.9%) to the unprecedented $227.37 (during the session it exceeded $230), so the spread with the official exchange rate was 85.9%.
Faced with a pace of dollar purchases by the BCRA that has failed to take off (this Monday ended with a positive balance of US$25 million), the market is already discounting that it would not be possible to meet the goal of accumulation of reserves agreed with the IMFwhich is added to the growing difficulties that the exchange balance will have as of the second semester, without the strong liquidation of foreign currency by agriculture.
Faced with these concerns, coupled with noise about sharp declines in CER stocks, financial dollars have woken up with a bang since Thursday of last week, after trading around $210 for several weeks. “They could not continue ‘ironing’ over time under a scenario of high inflation, given that, like the wholesaler, they are incubating growing relative backwardness,” warns an operator.
Juan Pablo Albornoz, economic analyst at Ecolatinain dialogue with Ámbito, maintained that the sharp rise in financial dollars happened because “There was a very strong disarmament of positions mainly in CER titles”. “Part of that flow of money rotated towards money market instruments and, another part, towards the dollar“, he indicated.
official dollar
The dollar today – without taxes – rose 51 cents to $127.60, according to the average in the main entities of the financial system, while in the Banco Nación the note amounts 25 cents to $127.25 for sale.
The savings dollar or solidarity dollar -which includes 30% of the PAÍS tax and 35% deductible of Profits- advanced 84 cents to $210.54 on average.
In addition, the wholesale dollar, which is directly regulated by the BCRA, appreciated 50 cents to $122.30.
Dolar blue
the blue dollar recorded its second consecutive increase, with which it renewed its highest value in 4 months, according to a survey of Ámbito in the Black Market of Currencies.
The parallel dollar advanced $6 to $216, its maximum since last February 9 (when it closed at $217). In this way he accumulated an advance of $8 since last Friday.
Thus, the The gap between the blue dollar and the wholesale official exchange rate rose to 76.6%.
Despite the strong rise the informal dollar operates with a significant gap compared to the financial dollars, which soar up to $230 in the case of the MEP, and up to $237 in the case of the CCL.
“The big difference between the blue and the financiers is explained by the ‘black’ bills. There is a lot of parallel supply and little demand because there are no pesos on the street,” comments a market operator to Ambit.
Source: Ambito
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