CCL dollar deepens its rise towards $830 and is on track to mark the highest weekly increase since August

The “Cash with Settlement” dollar (CCL) climbs more than $10 this Friday, September 29, and is approaching the $830after breaking a historical record in the previous wheel. In this way, write down your ninth consecutive advance and aims to mark the biggest weekly rise since August. This happens within the framework of a persistent process of portfolio dollarization by way of coverage four weeks away presidential election.

Thus, the CCL dollar keep it up $10.47 (+1.3%) to $829.54 and the gap with the officer he positions himself in 136.9%maximums from July 27, 2022after the resignation of the then Minister of Economy, Martín Guzmán

For its part, the MEP dollar rises $19.17 (+2.8%) at $713.97, although intraday it exceeded $700 several times. Meanwhile, the spread with the exchange rate is located at 103.9%maximums from May 18.

As for what expectations there are in the short term, Camilo Tiscorniaof the S&T Consultant held in dialogue with Ambit that “CCL’s outlook is upward and probably strong.”

“The tax announcements of the last few days are going to be more broadcast and there are not enough reserves. Combined with the uncertainty by elections“he explained.

For his part, the economist Alfredo Romanohe stated that he continues to see “a volatility scenario where the government will try to reduce volatility and the value of financial dollars seeking to stabilize September and October inflation“.

For the economist Gustavo Ber“despite growing regulations, financial – and free – dollars have been appearing more sustained given that they are gaining intensity in the current delicate context the search for coverage among economic agents“.

Meanwhile, since PPIfocused on the gap with the wholesaler: “We highlight that the critical threshold of 120% was not exceeded for a long time in the past. Specifically, it was exceeded for four consecutive rounds in the exchange crisis of October 2020, averaging 127.7%, 19 rounds in July 2022 in the peso debt crisis and after Guzmán’s resignation with an average of 138.8%, and four days in August 2023 after the PASO averaging 125.9%. At the moment, the spread has already been exceeding 120% for three days.”

For his part since IEBexplained that “the approach to electionsthe continuous injection of pesos due to the measures announced by the Ministry of Economy and the incipient end of the Soybean Dollar continue to push “financial FX on the rise despite the acceleration of official intervention”.

In the last week, The CCL broke the $800 barrier again and accumulated an increase of 8% despite the BCRA’s buying streak in the MULC“which continues without rebuilding the weak reserves of the monetary authority and exacerbates the dollarization pressure” explained the same report.

How much is the dollar trading at today, Friday, September 29

He wholesale dollar remains at $350.10, value that the BCRA seeks to sustain until the end of October.

Meanwhile, the Qatar dollar -which includes 30% of the COUNTRY taxa 45% deductible of the Income and Personal Property Tax, and a new perception of 5% on account of Personal Property – is listed at $660.60.

In mid-August, the Federal Public Revenue Administration (AFIP) arranged a 25% reduction at 5% in the perception of Personal Assets which applies to consumption abroad with debit and credit cards exceeding the $300 monthly per person. Thus, the call Qatar dollar It was no longer the most expensive exchange rate on the market.

Quote of Dolar blue today, Friday, September 29

He blue dollar sells for $790, according to a survey of Ambit in the caves of the City.

For its part, the crypto dollar or Bitcoin dollar quotes in the $813.94, based on average across local exchanges reported by Coinmonitor.

Price of the tourist dollar today, Friday, September 29

He tourist dollar or cardand savings (or solidarity) dollar -which include 30% of the COUNTRY TAX + 45% of the Earnings Perception– marked the $642.25.