Dollar between bands, day 3: The wholesaler sank more than 5% and the retailer closed below $ 1,200

The official wholesale dollar operated with strong casualties this Wednesday While, the retail exchange rate pierced $ 1,200 at Banco Nación, This happened The third “flexible” contribution day between bands and after him devaluation jump of which the Monday. At the same time, parallel contributions continued in fall and The gaps continued the strong compression In the financial ones that fell to 4%while the Blue ends the week in 10%.

Thus, in him Dolk Wholesale Market, This currency closed at $ 1,126 for purchase and $ 1,135 for sale, which implied a decrease of $ 65 in a single day. In the week, however, this price ends in an increase of $ 52.50.

Consulted by this means, Gustavo Quintanachange operator in PRsaid that, within the reasons for the fall of the wholesaler, it is “An interesting offer, surely from the agro -export sector and other exporters” And they were also activated “More operations for Holy Week holidays.”

Official dollar quotes and parallels

Also, in the National Bank The retail dollar fell to $ 1,110 for purchase and $ 1,160 for sale. In turn, seg the average of all banks that disseminate the Central Bank (BCRA), The price He yielded to $ 1,179.47 For the selling position.

Regarding Balance of the first week of the new scheme: in it Bn The dollar rose $ 62.5 or 5.7% in these first three days of operation, while in the BCRAThe retailer rose $ 71.5 or 6.5%.

As for the types of parallel changes, the MEP dollar It is located at $ 1,184.52, so the gap with the officer yields to 4.4%. In the week, the dollar bag It fell $ 148.81 or 11.2%. Meanwhile, the dollar counted with liquidation (CCL) operated a $ 1,184.36 and the Spread with the officer is positioned at 4.7%. Thus, these first days of New scheme with a drop of 11.6% or $ 156.11.

He Blue dollarMeanwhile, it became the most expensive in the market, and closed $ 1,255, with a weekly loss of $ 120 or 8.7%, and a 10.6%gap.

As for the future dollarthe contracts registered strong falls between 4.6% and 6.4%. The market now “price” an official exchange rate at $ 1,152 by the end of April, which would imply an increase of 1.5% here at the end of the month and 7.2% for the monthly accumulated.

“Negative day in future dollar contracts. From the opening to the closure, the market maintained a selling position, which was deepening as the wheel advanced, marking a generalized fall throughout the curve from 4% to 6%accompanied by a high level of activity with respect to the one seen yesterday, “they explained from ADCAP.

The volume operated in the cash segment was US $ 575,688 million and in the futures market, US $ 1,554 million were negotiated. The Central Bank confirmed that it did not participate in today’s day.

“One is expected Greater export settlement Yun growing appetite for the carry-trade In the short term, now also enhanced by flexibility for the entry of foreign investors. Faced with this scenario, it is expected to meet at what level and with what strategy the entity would go out to buy the currency – more when it continues to deflate both in cash and in the futures and There are signs that I could start just around $ 1,000 in order to advance with the guidelines for accumulation of reservations agreed on program with the IMF “analyzed this day, Gustavo Ber.