In this context, Central Bank (BCRA) chained its seventh consecutive day without selling foreign currency, something that has not been repeated since the third week of October this year, the last month that closed with a positive balance to the present. The monetary authority ended up with a positive balance of $ 1 million.
Market sources indicated that “this result It occurs in a context of growth in imports in December, which will close as the month with the highest imports of the year. “In this sense, the Central Bank made purchases for US $ 26 million in 6 days, a meager amount but that contrasts with the losses suffered since the beginning of the month.
“The net losses of the monetary authority in December are still below half of the previous month’s sales, an auspicious data that can be reinforced in the next week if the start of the commercialization of the new grain harvest is confirmed“said analyst Gustavo Quintana.
And he added: “the exchange rate correction so far this month reaches 1.27%, already exceeding the final adjustment of the previous month, confirming a slight acceleration in the rate of adjustment of dollar prices in the last month of the year”.
From the consulting firm PPI, they highlighted that “the low stock of international reserves (US $ 6.063 million with SDR and gold) forces the authorities to manage the tension between a greater adjustment of the ‘Exchange Stock’ and a slowdown in economic activity, waiting for an eventual agreement with the Fund to clarify the picture. “
The recent rejection of the budget of the ruling party in the Chamber of Deputies suggests that the understanding with the body could delay its arrival, so it should not be surprising that this tension intensifies during the summer.
On the other hand, the Minister of Economy, Martín Guzmán, said that “the focus will continue to be on possible advances with the IMF and the delineation of a sustainable and achievable plan.”
The blue dollar traded down this Tuesday and pierced $ 200, according to a survey of Scope in the Black Market of Currencies. Meanwhile, the gap stood at 94.64%, a one-week minimum.
After scoring in three rises of the last five days, the informal dollar fell $ 1 and closed at $ 199. During Monday, it traded at $ 200.50, a maximum level since the beginning of the month.
The parallel dollar accumulated over the past week a $ 3.50 rally, representing your first upload in a month.
In the first half of December, the blue dollar had fallen to $ 195.50 (December 13), 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.
So far in December, the informal dollar registers a decline of $ 2.50. It should be remembered that in November it had shown a rise of $ 4 (+ 2%), after climbing $ 11.50 (+ 6.2%) in October.
Official dollar
The wholesale dollar rose eleven cents to $ 102.24, with the constant regulation of the BCRA, in a wheel in which the currency operated with a mixed trend and with a greater variation in the price. The prices moved with a broader range but always under the strict supervision exercised by the official regulation.
The lows were noted with the first registered trade, at $ 102.19, six cents above the previous end. In a low-trading environment, stocks were relatively flat for much of the day around initial levels. The authorized demand became somewhat more intense in the last part of the session, driving rises that took the price to reach a maximum of $ 102.25 in the moments of greatest buying pressure. Already at the end, the supply and the income from abroad neutralized the rise and accommodated prices in a range similar to that of the highs of the date.
In the retail segment, the The dollar today rose twelve cents this Tuesday to $ 107.73 -without taxes-, according to the average of the main banks in the financial system. In turn, the retail value of the currency at Banco Nación remained at $ 107.
The saving dollar or solidarity dollar -which includes 30% of the COUNTRY tax, and a 35% on account of the Income Tax- advanced 19 cents to $ 177.75.
Source From: Ambito
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