Under this complex scenario -which puts a floor on financial dollars while waiting for new positive signs-, the dollar counted with liqui” or “CCL” (quotation valued with the GD30 bond) closed stable this Friday at $220.24, but since Friday of last week registered a decrease of $12.93 (-5.6%) and the gap with the wholesale exchange rate dropped almost 14 points to 108.9%. In turn, throughout this week it recorded a decline of $5.87 (-2.6%).
For its part, The MEP or Stock Exchange dollar (with GD30) added this Friday 53 cents (+0.3%) to $212.23, but since the announcement with the IMF, it shows a decrease of $10.82 (-4.9%), and the spread with the official reaches has decompressed almost 11 points to 101.3%. In the weekly balance, it showed a decrease of $4.94 (-2.3%).
The managing director of the IMF said on Thursday that the principle of agreement with Argentina on a new “standby” loan it is “pragmatic” and that it aims to deal with the most significant structural problems in the country, although the details of the program are still being developed and there is hard work ahead in the coming weeks.
Less than a week after announcing the understanding with the IMF, President Alberto Fernández said during his visit to Russia that the country must abandon its “dependence” on the United States and the International Monetary Fund (IMF).
Both public demonstrations, together with the resignation of Máximo Kirchner, added more doubts to the market about the progress of the agreement, something reflected in the rebound of the Argentine country risk that, since Tuesday, has risen more than 50 units to 1,775 basic points, from of falls of up to 8% in sovereign bonds in dollars.
“Investors hope to be able to have more clarity about the state of the ruling coalition, which is crucial not only to manage the almost two years of mandate ahead but also to advance in the principle of agreement with the IMF”, said Gustavo Ber, from Estudio Ber.
official dollar
The retail dollar climbed 45 cents this Friday to $111.37 -without taxes-, according to the average in the main banks of the financial system. For the week, he racked up a raise of 69 cents.
In this way, the dollar savings -retail plus tax- climbed 74 cents on Friday, and $1.14 for the week to end at $183.76 on average.
In the wholesale segment, the The dollar, which is directly regulated by the BCRA, increased 10 cents to $105.41. The Central Bank (BCRA) ended with a neutral balance this Friday in its interventions, but throughout the week it accumulated sales of some US$45 million. With which, he added his third consecutive week with an unfavorable balance.
The blue dollar scored its second consecutive drop this Friday, by giving up $2 to $214, according to a survey of Ambit in the Black Market of Currencies.
In this way, the parallel dollar accumulated a loss of $2.50 in two days, after rising $4 between Monday and Wednesday.
Let us remember that the informal dollar suffered a sharp drop of $10 last Friday as a reaction to the announcement of the principle of agreement between Argentina and the Fund.
The parallel dollar, anyway, accumulated a weekly increase ofand $1.50, while the gap with the wholesale exchange rate, which is regulated by the Central Bank, narrowed slightly as 103%. While, dSince the announcement according to the IMF, the blue dollar fell $9.50.
Source: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
