“In the first days of October, the Central may still show a net balance for the purchases made in the market, but of a small magnitude that anticipates a reversal in the results of the next few days. As anticipated, the cycle of success in terms of accumulation of reserves seems to have come to an end in a period that everything indicates will continue until the start of the placement of the next harvest”, analyzed Gustavo Quintana, operator of PR Corredores de Cambios.
In this context, at the domestic level, new economic guidelines are awaited after the end of a special regime for soybean exporters that allowed the monetary authority to reinforce reserves during September. The so-called soybean dollar allowed the BCRA to accumulate some US$5 billion in its weak reserves.
“Although this has given air to the reserves, in the coming months the collateral effects will have to be dealt with: less agricultural liquidations and a monetary hangover for more than 1 billion pesos that through absorption of the BCRA increased the snowball of (letters) ‘Leliqs’“, said Roberto Geretto of Fundcorp.
“Everything indicates that doubts and pressure in the foreign exchange market will return in the coming months,” he added.
Meanwhile, the dollar today -without taxes- rose 20 cents this wednesday 5th of october at $155.90 for saleaccording to the average that emerges from the banks of the local financial system. At Banco Nación, meanwhile, the retail note increased 25 cents to $155.25 – without taxes.
In the parallel market, for its part, the blue dollar sells for $282, after falling $2 in the previous day and $4 on Monday, according to a survey of Ambit in caves of the city of Buenos Aires.
Savings dollar quote, Wednesday, October 5
The dollar I save or solidarity dollar-which includes 30% of the COUNTRY tax and the 35% deductible of Income Tax and Personal Assets- earned 38 cents at $257.24.
Price of the tourist dollar, Wednesday, October 5
The tourist dollar or card -retailer plus COUNTRY Tax, and a perception of 45% deductible from Income Tax and Personal Assets- rose 40 cents at $272.83.
Wholesale dollar price, Wednesday, October 5
The wholesale dollar, directly regulated by the BCRA, increased this Wednesday 29 cents a $148.88. Meanwhile, the volume operated in the cash segment was US$239.172 million.
Dollar exchange rate CCLWednesday, October 5
The Dollar Cash with Settlement (CCL)-operated with the Global 2030- rises $1.47 to $309.67. The gap with the official wholesale exchange rate is located at 107.90%.
MEP dollar priceWednesday, October 5
For his part, the MEP dollar -valued with Global 2030- falls $2.71 to $297.06. Thus, the spread with the official reaches 99.43%.
Blue dollar price, Wednesday, October 5
The blue dollar is stable at $282according to a field survey in the Black Market of Currencies. Meanwhile, the gap with the official dollar was located at 89.3%.
Crypto dollar price, Wednesday, October 5
The crypto dollar or Bitcoin dollar increases 1% to $298.40, based on the average among local exchanges reported by Coinmonitor.
More news about the Blue Dollar and the Dollar
Source: Ambito
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