Amid another jump for parallel dollars, the futures currency climbed as high as $18 on Tuesday on the Matba-ROFEX market.
In the midst of a growing exchange rate pressure in the parallel markets of the exchange rate, the future dollar that is operated in the Matba-ROFEX market rose strongly this tuesday april 18 in all terms, except the most immediate, which reflects investors’ expectations of an acceleration of the crawling peg (progressive devaluation) in the coming months.
It happened on a day when andThe Central Bank bought just one million dollars, although it ended “in green” for the sixth consecutive round, thanks to the validity of the agricultural dollar, which contributed nearly US$36 million this Tuesday. This is a figure well below the amounts registered in the first days of the Export Increase Program (PIE), with a temporary differential exchange rate of $300 per dollar for the soybean complex and regional economies.
But the focus of market attention It was placed in the parallel markets of the dollar, where the blue jumped from $10 to $418, after exceeding $420 during the day (it reached $421). Meanwhile, in the stock segment, the cash dollar with settlement (CCL) advanced 3.9%, to $424.47; while the MEP gained 4%, to $411.23.
Under this scenario, the dollar in the futures market climbed to $18 (+4.4%), while the exchange rate at the end of December reached $459after closing on Monday in $444.50.
For its part, the wholesale dollar (Spot) appreciated 56 cents (+0.3%) and ended at $216.94.
“The futures markets operated with significant increases, except in the most immediate term, reflecting some expectation of adjustment in the prices of the dollar in a scenario that does not completely clear up all the uncertainties,” commented analyst Gustavo Quintana.
The volume traded in the Matba-Rofex and MAE futures market reached US$946 million, according to market sources.
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Source: Ambito
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