On the other hand, the MEP dollar fell $2.73 (-0.8%) to $334.36, which marked a spread with the official one of 89.1%.
In turn, in the parallel market, the blue dollar sank $7 (+2%) to $350, after reaching a new intraday nominal record of $359 on Wednesday, according to a survey by Ámbito en cuevas of the City of Buenos Aires. Thus, the gap with the official reached 98%.
During the day, a trend towards moderation was observed in the bullish dynamic that the CCL had been registering the day before, something that was finally consolidated with a daily drop. For its part, the MEP, which had been showing a pronounced rise and had risen close to $9 to $340 at the start of the round, fell back shortly before closing.
As detailed Mateo ReschiniInviu Senior Analyst, “little activity was observed at the beginning of the day in the financial dollars and a strong spread was also noted in the different variants of the CCL”. It should be remembered that on Wednesday, the CCL against GD 30 had closed the day at $346, while the MEP had fallen sharply to $331, after reaching an intraday maximum of $345.
They came with an upward trend in recent days and this is in line with the dynamics that it usually generates. the “trade” that is always done at the end of the year in order to lower the burden of Personal Property Tax about investors. “That’s getting a lot of funds coming in and you’re seeing the effect on financial dollars,” a trader said.
And, on the other hand, as reported in the City, “on Wednesday afternoon there was a strong operation on the closure to lower the financial dollars, which took the CCL to $341, after having been well above that value, while the MEP fell sharply. Some operators pointed out that everything would indicate that the Central Bank (BCRA)who has been intervening in the financial markets in recent days, It came out stronger to lower prices on Wednesday, on another day marked by strong upward movements in the blue.
It was clear, according to some operators, that they wanted “Give him a very strong ‘serve’ and mark the closure”. This would be related to the intention to appease the dynamics of the blue dollar so that it does not exceed the ceiling of $360, which it came dangerously close to on Wednesday’s session. The same thing was seen this Thursday, but to a lesser extent and this dynamic was accompanied by bearish movements in parallel, which erased the spike of the previous day.
Caution in financial dollars
The presumption of a large part of the market is that this Thursday there was some caution in operating the financial markets for fear that “the wolf” would reappear towards the close as it happened on Wednesday. Thus, Reschini described that what was seen in the first two hours of surgery “were timid rises in the MEP and the CCL was stable”. They hoped that perhaps “it would bite towards the close”, but the operators say that there were interventions that were correcting the course throughout the day and closed with slighter movements.
On the other hand, as mentioned, it remained a strong spread between the different types of CCL traded. “In 48 hours I see that the tips have fallen and there was a big difference in price with the immediate cash,” reported an operator.
And, in this sense, he explained that this is related to the fact that this Thursday It was the first day that the settlement of 48 hours. falls in 2023Therefore, most of the operations were made in immediate cash and it is expected that the same will happen on the day of this Friday, December 30.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
