Financial dollars fall for the third consecutive round this Wednesday, May 8given the market’s expectation that the liquidation due to the thick soybean and corn harvest will intensify this week.
Under this scenario, the CCL dollar drops $11.15 (-1%) and was located in the $1,083.55for which the gap with the officer descends to 22.9%.
For its part, the dollar MEP falls off $2.98 (-0.3%) to $1,045.51. In this case, the spread with the wholesale exchange rate it stands at 18.6%.
In the informal square, the blue dollar operates stable at $1,040according to a survey of Ambit in caves of the City.
After the expected delays due to the climate issue, in the end “the pace of settlements would be accelerating, which would allow in the coming weeks to boost BCRA purchases and thus the reserve accumulation process,” commented a market operator.
Given this, it is that financial dollars are once again under more pressure from the “blend” offer (income scheme, 80% to the official, and 20% to the CCL), a dynamic that would last for the next two months and would extend the exchange rate calm beyond the successive rate cuts, They believe in tables.
“Exchange controls are maintained because they allow the Central Bank (BCRA) to accumulate reserves and at the same time, control both the nominal exchange rate for commercial operations and the exchange rate called CCL,” said former Economy Minister Domingo Cavallo.
“The accumulation of reserves is achieved because “Exporters are obliged to sell the dollars they generate to the central bank and the central bank decides, in practice, how many dollars it will sell to importers,” he noted.
The BCRA accumulates purchases of dollars in the market for 589 million during May, after adding 3,348 million dollars in April and exceeding the line of 15,000 million dollars during the previous week.
Economist Rodrigo Álvarez estimated that “the stocks (exchange controls) are here to stay for a long time” and estimated that “the Government is using the exchange rate as an (inflationary) anchor.”
How much is the official dollar trading at today, Wednesday, May 8
In the official exchange market, the wholesale dollar rises to $881.50.
How much does the future dollar trade at today, Wednesday, May 8
The contracts of future dollar By the end of May they fell 0.3% to $903.50, while for June they lost 0.2% to $932.50. By the end of the year, meanwhile, the price falls 0.7% to $1,167. The latter would imply an increase in the exchange rate of 32.4% between now and the end of the year.
Price of the card dollar today, Wednesday, May 8
He dollar card or touristand the dollar savings (either solidary) it is located in $1,440.80.
Quote of the crypto dollar today, Wednesday, May 8
He crypto dollar or Bitcoin dollar operates at $1,077.91 according to Bitso.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
