Meanwhile, the dollar Cash with Liquidation (CCL) -also operated with the Global 2030- fell 0.9% ($2.57) to 280.82, minimum in almost a month. For its part, this Wednesday the gap was located in the 99.4%, the lowest since the end of July. It should be remembered that in August, the cable dollar ended with a rise of $4.55 or 1.6% compared to July and thus accumulated five consecutive monthly increases.
The sharp decline in financial dollars at the beginning of the week was in reaction to the Government’s announcement of granting a differential value of $200 for the dollars settled by soybean exporters, with the idea of immediately reinforcing the Central Bank’s reserves. .
It should be noted that Argentina will offer farmers a more favorable exchange rate than the official one in September to speed up their sales pace, the Economy Minister said on Sunday. Sergio Massa, prior to his trip to the United States where he will meet with representatives of the IMF and businessmen.
“Operators are receiving with positive expectations the signs of acceleration in the pace of crawling-peg, and the new round of rate hikes that would be forthcoming, since together with the greater supply of foreign currency it could contribute to recover reserves and generate a greater appetiteat least in the short term, towards the carry-trade,” said Gustavo Ber.
Hence the retraction that financial dollars have been experiencing, which, he said, “beyond the greater fluctuations that they could face as they approach the solidarity dollar, since traders are inclined to bet that said level would be around $260 and would act as a lower bound.”
The Dolar blue, In a hyper volatile market it shot itself by second consecutive day, and recovered almost all of the loss suffered at the beginning of the week, due to the news of the soybean dollar. The parallel dollar jumped $8 and reached $284 for saleafter trading at $275 at the beginning of the wheel, according to the Field Survey on the Foreign Currency Black Market.
official dollar
The savings dollar or solidarity dollar-which includes 30% of the COUNTRY tax and the deductible 35% of Income Tax and Personal Assets- rose 54 cents and closed at $243.67, while the tourist dollar or card -retailer plus COUNTRY Tax, and a perception of 45% deductible from Income Tax and Personal Assets- appreciated 58 cents and ended at $258.44.
It should be noted that the The Central Bank managed to buy this Wednesday more than US$300 million, thanks to the massive liquidation of soybean exporters, after the implementation of the new scheme that encourages the entry of agrodollars. In three days, agro-exporters liquidated US$785 million through the so-called soybean dollar. With the important purchase this Wednesday, the BCRA accumulates a positive balance in its interventions of almost US$440 million in September.
Source: Ambito
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