The financial dollar fell sharply this Tuesday May 9 and accumulate two casualties in a row. For her part, the MEP gap fell to three-week lowbetween official interventions and restrictions ordered by the National Securities Commission (CNV), who seek keep the currency gap at bay after the strong jump observed in April.
In that context, the CCL dollar -operated with the GD30 bond in the Price-Time Priority segment –PPT– fell $6.30 (-1.4%) to $434. Indeed, the spread with the officer was located at 90.3%. In turn, the dollar CCL SENEBI -bilateral negotiation- gave up $4 to $453.
For his part, he dollar MEP or Bag -operated with the GD30 bond in the market PPT– dropped $1.06 (-0.2%), to $431.02. So, the gap with the officer was located at 89%. At the same time, the MEP SENEBI dollar rebounded $7 to $440.
Find out more – I followed the price of the blue dollar, official, CCL and MEP in Argentina
In the caves, meanwhile, the blue dollar increased $1 (0.2%), to $471, so the gap exchange was located in 106.5%.
In a attempt to calm the marketthe talks with the International Monetary Fund (IMF) for renegotiate current goals and advance disbursements of a credit agreement for some US$44,000 million.
“Among the economic initiatives that arouse the most attention are those related to the possibility of adding foreign currency in search of stopping the dangerous bleeding of net reserves that is already reaching critical levels”said the economist Gustavo Ber.
He added that this situation occurs “precisely in this second quarter of greater seasonal supply before the erratic response that the ‘agro dollar’ has been displaying and the doubts that the negotiations with the IMF could bring fresh dollars”.
For their part, the political tensions ahead of the primary election in August and the presidential general elections in October overshadow the development of the market due to doubts about the economic future of the third largest economy in Latin America.
“It is impossible to be able to plan in the long term when we do not have visibility in the very short term. We are sailing in a fog bank and this level of uncertainty is constant and resonant,” he said. the banker Facundo Gómez Minujín at the start of the business meetingAmcham Summit 2023‘ Based in Buenos Aires.
Source: Ambito
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