Meanwhile, the MEP dollar scale $7.53 (+2.3%) to $335.25, which marks a spread with the official 85.2%.
In the parallel market, for its part, the Dolar blue raise another $2 and scores a new nominal record of $361according to a survey of Ambit in caves of the City of Buenos Aires. Indeed, the gap with the official it reaches 99.5%.
The coverage of positions is also encouraged by a notorious excess of pesos after the recent interest payment linked to the sovereign debt, commented operators.
The CPI for December will be released at 4:00 p.m., and later the BCRA board of directors is expected to validate the monetary policy with its reference rate unchanged at 75% per year (107% effective).
For his part, global markets showed a fall in the dollar after the spread of a drop in consumer prices in the United States in December, for the first time in more than two years, strengthening the possibility that the Federal Reserve will further reduce its pace of rate hikes.
The Argentine country risk of the JP.Morgan bank rose four units to 2,010 basis points. The indicator reached 1,991 points on Wednesday, the lowest level since the beginning of last June and far from the top close to 3,000 points reached at the end of July. This behavior is a great incentive for Argentine financial businesses, operators said.
The Rosario Stock Exchange (BCR) made sharp cuts to its 2022/23 soybean and corn harvest estimates, now 37 million and close to 45 million tons respectively, due to the impact of the worst drought in 60 years to hit the key food exporter. This reality will have a strong economic impact, according to the Grain Exchange of Buenos Aires, with a retraction equivalent to 1.8% of GDP in 2023, which would lead the country to lose up to 11,628 million dollars in grain exports.
Source: Ambito
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