He financial dollar fell hard this Tuesday June 13 and closed again below $500, in a day in which the blue accelerated its rebound and it widened the gap with the MEP to the highest since the beginning of June. But the note of the day was given by the Central Bank (BCRA) which, in addition to intervening in the financial exchange rate market, managed to buy foreign currency in the MULC, breaking a five-day run of sales, in a market attentive to developments in the negotiations with the IMF.
Pending the inflation data for May and the closure of political alliances ahead of the presidential elections, the dollar “counted with liquid” (CCL) -operated with the GD30 bond in the Priority Price Time or PPT segment- fell $11.15 (-2.2%) to $492.22, one day after finishing -for the first time- above $500. Indeed, the spread with the officer was located in the 99.2%
For his part, he dollar MEP or Bag -operated with the GD30 bond in the PPT segment- it gave up $1.30 (-0.3%) to $473.19. So, the gap with the officer it shrunk to 91.5%.
Operators agreed that public bodies They were present especially in the epilogue of the wheel and conditioned the performance of financial exchange rates. “There was a large order of 40,000,000 VN on the closure, probably from the Government, but the market took it all,” a market source said.
“Beyond the current complex political and economic scenario, the financial dollars continue in a stage of relative calm, even when the operators recognize that the imminent new inflation data could once again act as a motor to update the references in order to avoid delays with respect to to the accelerated dynamics of prices that feed back into dollarization and that is also common in electoral periods,” stated an economist.
However, the blue dollar climbed $5 (+1%) to $489 for sale, according to a survey of Ambit in the caves of the City. Within this framework, the gap with the official dollar was 97.9%. At the same time, the parallel widened the spread with the MEP to more than $15, the highest level since last June 2.
The monetary entity took from the market some $75 millionwhich returns a negative result of about US$110 million so far this month and accumulated sales of about US$2,228 million in 2023.
“In addition to the contribution of the agricultural dollar (for some US$18.2 million), the inflow of foreign direct investment was detected, which fed the supply of foreign currency,” explained Gustavo Quintana, operator of PR Corredores de Cambio.
A few months before a presidential election, the Government seeks to reach an agreement with the International Monetary Fund (IMF) to review goals and disbursements, after achieving at the beginning of June the renewal and expansion of a currency swap with China that would give the BCRA room to sustain the peso and appease inflation.
“We believe that the government will have no alternative but to implement a new ‘soybean’ dollar (special exchange rate for exporters) in the short term to encourage the liquidation of agriculture and, thus, temporarily contain the drain on reserves,” indicated from Portfolio Personal Inversiones (PPI). “As of May 31, 10.4 million tons of soybeans had been marketed, so around 10.6 million of the current crop remain to be sold, equivalent to almost 5.430 million dollars at current prices,” they added.
“Given the unanchored inflationary expectations, the BCRA could continue raising interest rates so that they reach neutral real levels,” said Adcap Asset Management, though noting that “The decision is not easy given that the impact of the interest rate increase on remunerated liabilities would be considered, which today reaches 10% of GDP.”
The Ministry of Economy will tender on Wednesday a combination of Treasury instruments made up of Bills and Bonds maturing in 2023 and 2024.
How much did the dollar close today, Tuesday June 13
He qatar dollar -which includes 30% of the COUNTRY tax, 45% deductible from Income Tax and Personal Property Taxand a new perception of 25% on account of Personal Assets- advanced $1.22 to $518.26, and continues with the bullish streak.
This exchange rate applies to consumption abroad with debit and credit cards over US$300 per month per person.
For his part, he savings dollar or solidarity dollar -which includes 30% COUNTRY tax and 35% deductible from Income Tax and Personal Assets- it climbed $1.01 and closed at $427.56.
Meanwhile, the dollar wholesalerwhich directly regulates the BCRA, rose 30 cents to $247.10 for sale.
How much did the tourist dollar close at, Tuesday June 13
He tourist dollar or card -Retailer plus 30% of the COUNTRY Tax, and a perception of 45% deductible from the Income Tax and of Personal property for consumption with cards abroad of up to US$300 per month- closed at $453.48.
Source: Ambito
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