With a lower level of intervention by the BCRA in the market and a greater supply from private sources, financial dollars registered significant declines.
The CCL dollar falls and moves away from $1,300.
Depositphotos
Financial dollars extended the downtrend and sank more than $20 on Thursday, September 5. In this way, the CCL moves away from $1,300, after having surpassed that barrier on Tuesday for the first time since August 8.
The “cash with liquidity” (CCL) yielded $22.34 (-1.73%) up to the $1,271.60for which the gap with the officer was located at 33.2%, lows of May 20, when it was positioned at 28.59%. In turn, the MEP stepped back $21.02 (-1.6%), closed on the $1,258.88its lowest value since May 31, and the gap fell to 31.8%.
“What is happening It is not just the intervention, but it is also that With money laundering, a greater inflow of dollars is being generated And these are dollars that will probably go to financial instruments, and the MEP and CCL quotes are nothing more than implicit quotes that depend on financial instruments. That generates an implicit drop in the exchange rate. Not to mention that we already know that the Government is willing to attack the gap. The news is that we are seeing a rather interesting flow in dollars that we were not seeing before.“, explained Salvador Vitelli, Head of Research at Romano Group.
The reduction of the PAIS tax is in force
This Monday The reduction to 7.5% of the PAIS tax came into effect for imports. The Government is seeking to ensure that the lower cost of products from abroad impacts inflation levels at the local level.
In the exchange rate field, the measure could have a negative impact since in August Many companies postponed their purchases abroadfor which a reactivation is expected in the month that has just begun.
This, added to the dynamics of intervention to reduce the gap, would negatively impact reserves which are already affected and are one of the variables most closely followed by the International Monetary Fund (IMF).
How much did the official dollar trade today, Thursday, September 5?
In the official exchange market, the Wholesale dollar rose $1 to $954.50.
How much was the dollar futures traded today, Thursday, September 5?
At the Matba Rofex, the future dollar for the purposes of September -after the reduction of the COUNTRY TAX- remained unchanged $981.00. The contract of October cut 0.1% to $1,013.50, the November rate fell 0.1% to $1,046.50 and the December rate fell 0.1% to $1,085.00.
How much was the blue dollar sold for today, Thursday, September 5?
He Blue dollar closed at $1,265 for sale, According to a survey by Scope in the caves of the City.
Dollar card price today, Thursday, September 5th
He dollar card or touristand the dollar savings (either solidary) marked the $1,558.40.
Crypto dollar quote today, Thursday, September 5th
He crypto dollar or Bitcoin dollar quoted at $1250.44according to Bitso.
Source: Ambito
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