“The sale movement of TO26 had begun to be noticed, which is a bond in pesos that is generally placed with foreign investors. Every time it moves a lot, there ends up being a jump in the exchange rate. They are investors who leave that bond to go for the cash dollar with liquidation. We are seeing those sales that occurred in the last 48 hours and that end today putting pressure on the CCL”, the financial operator Christian Buteler told scope.com.
In turn, the MEP dollar -also valued with the Global 2030- rises $3.84 (+1.4%) up to $285.21, after registering its lowest value in two weeks. In this way, the gap compared to the official exchange rate is located in the 110%.
“Financial dollars appear more sustained after deflating strongly lately, since at current levels investors expect strong progress on economic imbalances, since they anticipate that the “super rate” would only act as a bridge to buy time in the implementation “analyzed the economist Gustavo Ber.
In the informal market, meanwhile, the blue dollar rebounds and rises $2 to $294, according to a survey by Ámbito en el Mercado Negro de Currencies.
“What was seen in the last wheels, was a stabilization of financial exchange rates -both MEP and CCL-, with investors awaiting the measures that seek to give air and tranquility to BCRA reserves”, said Gonzalo Gaviña of Portfolio Personal Inversiones.
And closed: “Details are still lacking, for example, there is still not much information about the exchange rate that the agricultural sector will use.”
Massa promised to lower the fiscal deficit, strengthen the scarce reserves of the central bank (BCRA), reduce the rate of inflation and give a greater boost to trade. In this context, the Government announced on Tuesday a segmented removal of subsidies for electricity, gas and water consumption.
official market
The dollar wholesaler it appreciates 27 cents to $135.80. For his part, the savings dollar or solidarity dollar-which includes 30% of the COUNTRY tax and the deductible 35% of Income Tax and Personal Assets- rises 10 cents or 0.01% to $235.17, about $57.83 below blue.
The tourist dollar or card -retailer plus COUNTRY Tax, and a perception of 45% deductible from Income Tax and Personal Assets- rises a slight 0.01% to $249.43.
In this regard, Lucas Yatche Head of Strategy and Investments of Liebre Capital, stated that “Still with a lot of volatility involved, the new rate of devaluation of the crawling peg is not clear.”
“Since the new rate hike, the exchange rate was able to reflect movements higher and lower than those of the central bank’s rates. Without a doubt, it will be difficult to accumulate reserves in a sustained manner without generating rate incentives for importers/exportersYache expanded.
Source: Ambito
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