For its part, the regulated MEP dollar also climbed 0.3% to $ 180.56 (gap to 80.6%), while in the segment not intervened by public bodies it fell to the $ 200 zone.
Martín Roig, director of PPI, pointed out that “expectations of a possible jump in the exchange rate accelerated, with financial dollars several days ago above $ 200. There are many background noises: a growing monetary issue and a level of interest rates that affects a lot. In fact, it is not an unknown story for Argentina. After the elections, the market will look at the result of the elections and the government’s plans around the agreement with the International Monetary Fund (IMF)“.
For the analyst, “the Government has instruments and has been using them. However, more than new regulations and / or measures of a temporary or partial nature, what investors need is to know if the authorities will finally lean towards a more orthodox path, which provides some stability to the economy, or it will remain radicalized. “
More BCRA sales
This Thursday the BCRA ended with net sales of approximately US $ 80 million, for which it accumulates a negative balance of about 230 million dollars in the month (although still somewhat below what was sold in the first days of the previous month).
With a smaller presence of exporters, foreseeable at this time of year, the BCRA has sold about US $ 150 million in the month. “The trend is expected to reverse in the second half of the month,” say sources close to the monetary authority. In October, for the first time in the last decade, the BCRA ended up with a buyer balance of about US $ 200 million. In the accumulated of the year, purchases exceed US $ 6.2 billion
In the parallel market, for its part, the blue dollar remained at its historical nominal record, according to a survey by Ámbito en el Mercado Negro de Forex. The parallel dollar reached its intraday high at $ 200 earlier.Therefore, the gap with the wholesale exchange rate, which is regulated by the Central Bank, was 100%.
Official dollar
The dollar today advanced two cents this Thursday to $ 105.40 -without taxes-, according to the average of the main banks in the financial system, in a context of marked upward pressure for the “unregulated” versions of the currency. In turn, the retail value of the US dollar it remained at $ 105 in Banco Nación.
The wholesale exchange rate, regulated by the Central Bank, advanced five cents to $ 99.96. During this round, the currency traded for most of the day with a buying tone, with lows at $ 99.94 and highs at $ 99.97.
With a significant volume traded in the spot segment, the North American currency once again exhibited solid demand that put pressure on prices and required renewed interventions from the Central Bank in the sector where banks and companies operate.
The minimums were recorded with the first operations agreed at $ 99.94, three cents above the previous end. Authorized purchase orders, destined to the payment of foreign obligations, clearly dominated in the first part of the day, absorbing all the available supply, also demanding the complement of official sales to correct the shortage of foreign currency. The maximums were registered almost at the close, when specific purchase orders prompted a reaction in the price that took it to $ 99.97.
Source From: Ambito
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