The MEP dollar or Stock Market lost 1.4% to $ 191.69 and finished below the blue for the second consecutive day. Thus, the spread with the official price fell to 88.3%.
Operators said that due to seasonality issues, there is a demand for pesos for the payment of the Christmas bonus that is faced these days, plus the need for cash before the festive dates of Christmas and New Years.
“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.
For 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 due to the sale of companies that must face the payment of the Christmas bonus.
On the other hand, the Minister of Economy, Martín Guzmán, said that “there has been no fall in international reserves” and said 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 argued 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 blue dollar accelerated its bullish march, climbing $ 2 this Wednesday to reach $ 198.50, according to a survey of Ambit in the Black Market of Foreign Currency.
In this way, the parallel dollar racked up a $ 3 advance in two days, and the gap approached 95%. In addition, it widened its difference with the MEP dollar, which fell for the third day to less than $ 192.
Remember that the informal dollar came from falling $ 4 last week, conditioned by a greater demand for pesos, something common at this time of year, before the payment of the Christmas bonus, plus the need for cash before the festive dates of Christmas and New Year. Last Thursday, the blue dollar registered the biggest daily drop in a month, giving up $ 2.
A) Yes, so far in December, the informal dollar registers a decline of $ 3. 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 dollar today rose two cents this Wednesday to $ 107.51 -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 Central Bank again absorbed this Wednesday the surplus of available foreign currency and rose to more than US $ 10 million, adding US $ 16 million since Monday..
Investors await the presentation to Congress of a delayed ‘multi-year’ economic plan, amid speculation of a potential rate hike by the Central Bank after knowing the November inflation, which scored 2.5%, below what the market expected.
Source From: Ambito
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