“The demand for foreign currency to meet payments abroad once again exceeded private supply, requiring important official interventions,” synthesized Gustavo Quintana, operator of PR Corredores de Cambio, for which “the payment of energy and fuel imports forced sales from the BCRA.
At the same time, companies in the agro-exporting sector slowed down foreign exchange settlements, which did not even reach US$100 million (US$98 million), according to market sources, after the increase in the exchange rate gap in recent days.
The day before, the BCRA had a selling balance of some US$60 million of its reserves, when it had to face the demand for some 150 million for the energy sector, they agreed on the market. They added that during the previous week there were expenditures of about 500 million dollars for energy imports.
The market is under firm currency pressure amid high inflation, at a critical time for sovereign assets complicated by fears of a global recession.
The US Federal Reserve (Fed) made official the forecast of analysts and raised its benchmark yield by 75 basis points, the first increase of this magnitude since 1994, thereby bringing the rate to a range of 1.5% to 1.75%. With this he projected a slowdown in the economy and a rise in unemployment in the coming months.
Price of the retail dollar, Thursday, June 16
In this context, the dollar today -without taxes- it rose 41 cents this Wednesday to $128.03, according to the average in the main entities of the financial system, while at Banco Nación the ticket closed at $127.75 for sale.
Price of the solidarity dollar, Thursday, June 16
The savings dollar or solidarity dollar-which includes 30% of the COUNTRY tax and 35% deductible of Earnings- rose 68 cents to $211.25 on average.
Wholesale dollar price, Thursday, June 16
The wholesale dollar, which is directly regulated by the BCRA, rose 20 cents to $122.70.
Price of the CCL dollar, Thursday, June 16
In the Buenos Aires stock market, the dollar “counted with liqui” (CCL) -operated with the Global 2030 bond- it fell 0.3% to $238.32, with which the gap with the wholesale exchange rate stood at 94.26%.
Price of the MEP dollar, Thursday, June 16
For its part, the MEP dollar-also valued with the Global 2030- fell 0.9% to $229.83, so the spread with the official exchange rate reached 87.34%.
Blue dollar price, Thursday, June 16
The The blue dollar falls $4 to $217 from $224, its last historical nominal record, according to a survey by Ámbito in the Black Foreign Exchange Market.
With everythingthe exchange gap between the blue dollar and the official wholesale dollar falls to 80.1%, from its highest level since late April.
Despite the new jump, the Informal dollar still maintains a gap against financial dollars.
Crypto dollar price, Thursday, June 16
The crypto dollar or Bitcoin dollar rose 2.7% to $233.68, based on the average among local exchanges reported by Coinmonitor.
Source: Ambito
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