Under this panorama, the Dollar Cash with Settlement (CCL) -operated with the Bonar 2030, the most liquid in the square-it drops 0.6% to $ 203.97; is his consecutive dropped card. Therefore, the gap with the wholesale official is reduced to 100.3%. Thus, in just three days, this exchange rate accumulates a drop of more than $ 18.75, after touching $ 222 less than a week ago.
For its part, the MEP bounces 0.3% to $ 196.12, so the spread with the official price is 92.6%.
“Financial dollars are still more offered these days, based on seasonal needs of pesos, although the perception among operators is that ‘a swallow does not make a summer’, and so we will have to wait for the evolution after the end of the year, in against a new exchange strategy agreed with the IMF “, highlighted the economist Gustavo Ber.
To the market, The collapse of the CCL in recent days probably has to do with the seasonal effect of the Personal Property tax and also the sale of companies that must face the payment of the Christmas bonus.
On Friday, the IMF said the agency and Argentina are “fully committed” to a new program, even if more conversations are needed following recent technical meetings between the two parties in Washington.
But a speech by Vice President Cristina Fernández in which she showed her opposition to an agreement under the usual conditions of the body He put a blanket of uncertainty back on the financial market.
“Thus, these events demonstrate the difficulties in reaching an agreement that is economically and politically viable, where timing also matters because it cannot take too long, given the low level of reserves and payments to be made to the agency,” said Roberto Geretto, an economist at Fundcorp.
“This undoubtedly takes the momentum off the rally in dollar bonds seen last week,” he said.
On the other hand, the Minister of Economy, Martín Guzmán, said that “There has been no fall in international reserves” and he maintained that “for 2022 and onwards the accumulation of reserves is also an objective” of the national government..
When explaining the scope of the 2022 Budget in the Chamber of Deputies, Guzmán said that “the main problem that Argentina has faced in 2021 has been inflationary dynamics and it is an objective of the economy to attack“.
The The blue dollar rises 50 cents this Tuesday to $ 196 after hitting its lowest value in seven weeks the day before, according to a survey of Ambit in the Black Market of Foreign Currency.
Consequently, the gap with the wholesale exchange rate, which is regulated by the Central Bank (BCRA), rises slightly to 92.4%, from the minimum of last October.
Remember that the informal dollar comes from falling $ 4 last week, conditioned by a higher demand for pesos, something common at this time of year, but also by the expectation of an agreement between Argentina and the IMF for the debt.
Last Thursday, the blue dollar registered the biggest daily drop in a month, giving up $ 2.
Thus, so far in December, the informal dollar registers a decline of $ 5.50. It should be remembered that in November the parallel dollar showed a rise of $ 4 (+ 2%), after climbing $ 11.50 (+ 6.2%) in October.
In addition, In the accumulated of 2021 the blue dollar shows an appreciation of $ 30 (less than 20%), well below the accumulated inflation of 2021, above 43%.
After hitting a low of $ 139 in early April, the parallel dollar increased $ 9 in April (6.4%), $ 7 (4.7%) in May, $ 11 (7%) in June, and $ 12.50 (+ 7.4%) in July. In August, it registered its smallest increase since March, climbing just $ 1 (+ 0.6%), and then going up $ 4.50 in September (+ 2.5%).
Last Thursday, the blue dollar registered the largest daily decline in a month and the lowest price since October 25, when it closed at $ 194.
Thus, so far in December, the informal dollar registers a decline of $ 6. It should be remembered that in November the parallel dollar showed a rise of $ 4 (+ 2%), after climbing $ 11.50 (+ 6.2%) in October.
Official dollar
The The wholesale dollar, meanwhile, climbed 15 cents to $ 101.70, under the strict regulation of the BCRA, the highest rise in a beginning of the week since last October 12.
In a day with a better balance between genuine supply and demand, the Central Bank absorbed the surplus of available foreign exchange and raised about US $ 5 million, after having sold US $ 155 million in the last four wheels.
Last week, the Central Bank validated the highest rate of adjustment of the wholesale exchange rate since the end of April, after last week its president, Miguel Pesce, said that the entity planned to adjust up the “crawling peg” while the inflationary process allowed it.
The maximums were noted with the first formalized operation, at $ 101.75, twenty cents above the previous end. The appearance of a greater stream of income was putting pressure on the initial values, generating a staggered decline in prices that only stopped when, at the end of the day, they reached a minimum of $ 101.70, the value that remained until the close of the date, defended by the Central Bank purchases on the end.
“So far in December, the monetary authority was able to finish with net purchases in just three days, a fact that they expect will be reversed by the end of the month when the sales of the next harvest begin a virtuous path that allows it to recover reserves for its activity of exchange regulation “, highlighted the analyst Gustavo Quintana.
In the retail segment, the dollar today increased eight cents this Monday to $ 107.38 -without taxes-, according to the average of the main banks in the financial system. In turn, the retail value of the dollar at Banco Nación remained at $ 106.75.
The saving dollar or solidarity dollar -which includes 30% of the COUNTRY tax, and a 35% on account of the Income Tax- amounted to 13 cents to $ 177.08.
Source From: Ambito
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