The exchange relaxation in the Stock Exchange occurred despite registering a very adverse climate in international markets, fearing that the Fed will reinforce its strong commitment to curb inflation.
Under this scenario, the Dollar Cash with Settlement (CCL) -operated with the Global 2030- it fell $1.17 (-0.4%) to $299.18, although during the session it traded below $290. Ayes, the gap with the official dollar fell to 119%.
Last week the cable dollar had soared $14.82 and exceeded $300, something that had not happened since July 28, when it closed at an unprecedented $321.90.
Meanwhile, the MEP dollar -also valued with the Global 2030- dropped $5.27 (+1.8%) to $286.76so the gap with the officer narrowed to 109.9%.
The fall in financial dollars was due to “expectations of a greater supply of foreign currency from the countryside”, a market operator commented to Ambit.
Waiting for an improvement of the 70/30 scheme for the soybean dollar, the agro-export sector accelerated the entry of foreign currency, and at the same time there was little demand for energy,” market sources added.
This caused the BCRA to accumulate purchases for some US$140 million, the highest amount since June, with which purchases reached some US$280 million in the previous seven rounds. The monetary authority absorbed 40% of the volume traded in the market.
This Monday the fiscal result for July was also known, which “is compatible” with the 2.5% deficit goal contained in the budget, according to a statement from the Treasury Palace.
Meanwhile, on Sunday, after weeks in which his appointment was stopped after the dissemination of offensive tweets against Cristina Kirchner and Kirchnerism, finally the Minister of Economy, Serge Massaconfirmed to Gabriel Rubinstein as Secretary of Economic Programming, the second most important position within the structure led by the Tigrense.
Financial operators are attentively awaiting the implementation of a series of measures announced by Massa since his inauguration at the beginning of the month to attack the fiscal deficit, high inflation and the loss of reserves of the Central Bank (BCRA).
Source: Ambito
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