MEP dollar breaks nine-day bullish streak and the CCL is also on the decline after CNV measures

MEP dollar breaks nine-day bullish streak and the CCL is also on the decline after CNV measures

December 14, 2023 – 1:18 p.m.

The MEP dollar drops $18.3 this Thursday (-1.76%) to $1,019. For its part, the Cash with Settlement dollar (CCL) falls $16.9 (-1.68%) to $991.18.

Depositphotos

He The MEP dollar falls this Thursday and breaks the nine-day positive streak that it had marked until yesterday. This happens after a new historical nominal record was broken the day before, after the 54% devaluation that was applied this Wednesday. For his part, the CCL falls and maintains the trend of the previous day. This occurs in a context in which, on the one hand. the launch of the new was made official exporter dollar that provides greater liquidity to that market and, on the other, some restrictions for the operation of these exchange rates were relaxed.

Let us remember that this Wednesday, the National Securities Commission (CNV) issued a general resolution (RG 988) referred to for the settlement of bonds used for the purchase of financial dollars and unified the current permanence periods (parking) for all assets, which were set at one business day (24 hours) between the purchase in pesos and the sale in dollars. On the other hand, rolled back the ban on selling sovereign bonds (AL and GD) with settlement in dollars for more than 100 thousand weekly nominal values. And also reversed the prohibition of applying the dollars obtained for the sale of sovereign bonds in other instruments for 30 days at the same time that the obligation that the settlement and clearing agents had (ALyCs) to present a sworn declaration weekly with all operations arranged in foreign markets.

In that context, the dollar also called stock market low $12.16 (-1.2%) until $1,025.13. In that way, the spread with the official exchange rate is located in the 28%since the wholesaler quotes in $801. For his part, the Dollar Cash with Settlement (CCL) falls $13.16 (-1.3%) until $994.93. Thus, the gap between the exchange rate used by companies and the official dollar is located in the 24.2%.

In the informal market, meanwhile, the blue dollar drops $75 to $995 for sale, according to a survey of Ambit in the caves of the City. In that framework, the gap with the official exchange rate it fell to 24.2%.

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Argentine News

The Government this Wednesday made official a new Export Increase Program which establishes that foreign sales can be settled 80% by official dollar of $800 and a twenty% to the Cash with Settlementwhich gives a exchange rate for export of $860.

The market moved with strong oscillations this Wednesday, after the new government announced a series of orthodox measureswhich covered a drastic cost cutting and one devaluation of 54.2% of the peso against the dollar, which operated in $801 (against a previous close of 366.55). The devaluation “is a little more than the market expected,” the analyst indicated Salvador Vitelli.

Meanwhile, the Central Bank (BCRA) announced that it will maintain the reference interest rate at 133% annually, and will impose a new “mobile parity” that weakens the peso by 2% monthly after the strong devaluation determined.

How much does the official dollar trade at today, Thursday, December 14

After the devaluation, the wholesale dollar operates at $801, per unit, that is, it increases $1.05 with relation to Wednesday’s close.

How much is the blue dollar trading at today, Thursday, December 14

He Dolar blue quotes at $960 for the buys already $1,010 for the saleaccording to a survey of Ambit in the caves of the City.

How much is the MEP dollar sold for today, Thursday, December 14

He MEP dollar is located in the $1,027.07. In that way, the spread With the official exchange rate it stood at 28.22%.

Value of the CCL dollar today, Thursday, December 14

ANDThe CCL dollar is located $1,002.81. Thus, the gap between the exchange rate used by companies and the official dollar was located in the 25.19%.

Price of the card dollar today, Thursday, December 14

He dollar card or touristand the dollar savings (or supportive) operates at $1,312.96.

Crypto dollar quote today, Thursday the 14th from December

He crypto dollar or Bitcoin dollar quotes at $1,007.99according to Bitso.

Source: Ambito

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