For its part, the MEP rose 1.4% to $ 203.33. Consequently, the spread with the official price exceeded 100% for the first time in six days, reaching 101.1%.
During this wheel, the BCRA sold US $ 70 million in the exchange market after having bought about US $ 10 million in the previous round. Let us remember that in November it had sacrificed some US $ 890 million of its reserves.
It happened after the president of the monetary authority, Miguel Pesce, told industrialists that the entity will maintain the gradual decline in the official peso in 2022, perhaps somewhat lighter than in 2021 but below inflation, according to a source from the Argentine Industrial Union (UIA).
For the analyst Gustavo Quintana, “the Insufficiency of the genuine supply again required official assistance to meet the authorized demand, inaugurating the month with balances in red for the intervention of the Central Bank “.
The specialist added that “the probable acceleration in the rate of adjustment of the dollar in the wholesale segment, recognized by the statements of the president of the Central Bank, may stimulate higher demand for foreign exchange and a symmetrical decline in genuine supply, both factors complicating the official strategy to mitigate the loss of reserves in the first part of December“.
For his part, the economist Gustavo Quintana stated that “the BCRA continues to seek to go through this stage with the least possible drainage of net reserves, since it is the main focus of short-term concern among operators.”
He added that “financial dollars continue to act as ‘thermometers’ of such expectations, still inclined towards coverage, awaiting progress in the negotiations with the IMF that may contribute to reversing the climate of mistrust “.
Official dollar
The The dollar today advanced five cents this Thursday to $ 106.60 -without taxes-, according to the average of the main banks of the financial system. In turn, the retail value of the dollar at Banco Nación closed at $ 106.25.
The savings dollar or solidarity dollar – which includes 30% of the COUNTRY tax, and a 35% on account of the Income Tax – rose eight cents to $ 175.89.
The head of the monetary entity, Miguel Pesce, announced to industrialists that the entity will maintain in 2022 the gradual decrease of the official peso, perhaps somewhat lighter than in 2021 but well below inflation, commented a source from the Argentine Industrial Union ( UIA).
The wholesale dollar, meanwhile, rose 10 cents to $ 101.10, under the strict regulation of the BCRA. In this way, the wholesale exchange rate registered an advance of 30 cents this week and, with one day to go to the end of the week, a slightly higher adjustment is projected than that achieved in the previous week.
The US currency operated with a somewhat irregular trend and with a fluctuation somewhat greater than that registered in the previous round, but always with prices evolving according to the parameters defined for today by the Central Bank.
The lows of the day were recorded with the first operations formalized at $ 101.07, seven cents above the previous end. The authorized demand exercised a slight dominance in the first part of the wheel that was translated into staggered increases in prices that ended when they reached highs at $ 101.10 when averaging the session. The official intervention set a limit to today’s rise.
Source From: Ambito
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