At the same time, the MEP dollar -also valued with the Global 2030- grew $4.36 (+1.6%) to $281.02, so the gap against the official exchange rate rose to 112.2%.
For its part, the blue dollar rose $7 (+2.4%) to $298, According to a survey carried out by Ámbito in the Foreign Exchange Black Market, the gap compared to the wholesale market stood at 125%.
Attentive to the economic announcements, the financial dollars were firmer, after the recent strong retraction of the hand also of the renewed appetite towards the “carry-trade”, since the investors leaned towards the “wait and see” waiting for to evaluate the implications on the financial variables, they commented in the market.
Massa is expected to announce measures aimed at reducing public spending, strengthening the scarce reserves of the Central Bank (BCRA) and lowering rising inflation.
“It will be key what Sergio Massa and the team start broadcasting from today”, said Santiago Abdala of Portfolio Personal Investments.
The country risk measured by the JP Morgan bank rose 25 units to 2,443 basis points, compared to the historical maximum level of 2,976 points registered two weeks ago.
“The economy is trust. If there is trust, there is an economy, and if there is no trust, there is no economy,” exemplified Mariano Sardáns, CEO of the FDI Wealth Manager. “This is more of the same, it’s buying time,” he said regarding the changes in the economy and pointed out that “as soon as you do what you have to do, or it is discovered that there is nothing, the worsening will continue.”
official market
In the official market, the wholesale dollar appreciated by a controlled 0.17%, to $132.42, at a time of significant demand for foreign currency to meet energy payments.
The BCRA sold another US$150 million to meet the demand for foreign currency which, for the payment of energy and fuel imports, reached US$150 million.
The monetary entity had to get rid of about 450 million dollars in the first three rounds of August in the face of genuine demand for foreign currency, after losing 1.27 billion dollars in July, traders commented.
Source: Ambito
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