In turn, the The MEP dollar recorded its sixth consecutive rise and grew $3.88 (+1.3%) to $303.67, its highest value since the end of July. Consequently, the spread with the official reached 87.2%. More accelerated was the rise of the blue dollar that shot up $8 (+2.7%) to $302, its highest value since July 28, remaining very close to the stock dollar. Thus, the gap with the official reached 86.2%.
“As the drain on reserves continues, investors are watching for further measures on the supply and demand of currencies” added the economist Gustavo Ber and added: “The rearrangement that the financial dollars begin to show would be the counterpart of some bets towards the ‘carry-trade’ that they would be beginning to disarm, a behavior that could be accentuated in the future given that the consensus grows that the accumulated delay would already be too much after a long time ‘ironed’ together with high inflation”.
For their part, in the daily report of PPI they assured that the CCL “It could still have more upside, considering that our correlation with the private M3 shows that the monetary balance dollar should be around $364.”
The president, Alberto Fernández, and the Minister of Economy, Sergio Massa, are in Bali to participate in the annual meeting of the G20. This Tuesday they announced that China confirmed the extension of the swap in US$5 billion to strengthen reserves. the chinese president, Xi Jinping stated that the intention is that it can be completed in the next 30 days.
On the other hand, this Tuesday it was learned that inflation in October was 6.3%. “Although worse data was expected, it is still an acceleration compared to what was two months of low month-on-month inflation. The data is not positive. Now we have to wait for the Fair Prices program. But we do not see that inflation can break that floor of 6% per month in the short term“, said to Scope Guido Lorenzoeconomist at the consultancy LCG.
In turn, the Central Bank continued to drain foreign currency: this Tuesday it got rid of US$48 million and so far in November it has accumulated sales of US$911 million, according to market sources. “In November, the monetary authority has been losing reserves for eleven consecutive rounds and little by little it is on its way to end the month, exceeding the largest loss recorded in July of this year.“said Gustavo Quintana, operator of PR Corredores de Cambio.
Savings dollar price, Tuesday, November 15
The dollar savings or solidarity dollar-which includes 30% of the tax COUNTRY and the 35% deductible of Income Tax and Personal Assets- rose 93 cents to $279.15.
Price of the tourist dollar, Tuesday, November 15
The tourist dollar or card -retailer plus COUNTRY Tax, and a perception of 45% deductible from Income Tax and Personal Property Tax for consumption with cards abroad of up to US$300 per month- earned 98 cents to $296.07.
Qatar dollar price, Tuesday, November 15
The new qatar dollar -which includes 30% of the COUNTRY tax, 45% deductible from Income Tax and Personal Property TaxY a new perception of 25% on account of Personal Assets- amounted to $1.12 to $338.36.
It is worth noting that this exchange rate applies to Consumption abroad with debit and credit cards over US$300 per month.
Price of the wholesale dollar, Tuesday, November 15
The wholesale dollar, that directly regulates the BCRA, earned $1.08 to $162.12. The volume operated in the spot segment was US$205,156 million.
Source: Ambito
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