The official wholesale dollar operated volatility this Monday. Financials quoted on a decline.
He wholesale official dollar began on the rise, by climbing $ 8.50 (+0.7%) to be located in the $ 1,178, after the recent release of the exchange market, in times of some signs of a greater risk of risk that reflects hope that a world commercial war will not materialize.
One of the day data in the exchange square was that the gap between the wholesale dollar and the MEP became negative (-0.1%). That is, the dollar bag yielded $ 7.69 (-0.7%) and closed to $ 1,176.55, below the official wholesale and retail contribution (closed stable at $ 1,190 at the National Bank). Meanwhile, the Counted with liquidation lost $ 10,18 (-0.9%) to $ 1,190.97.
President Javier Milei reiterated that the Central Bank (BCRA) You will not buy dollars for your reservations until the price of the currency touches the lower part of a flotation band set between 1,000 and 1,400 pesos per dollar.
“The economic team is confident that the wholesale exchange rate will converge to the floor and are doing everything possible to make this happen,” Inveq Consulting said. “For example, Milei reconfirmed that the temporary leave of withholdings to the main crops will not be extended and concluded on June 30, which aims to encourage the liquidation (of the agriculture) in the coming months,” said the consultant. In addition, “changes were introduced that flexible access to the changes for non -resident investors, with the expectation of attracting dollars from abroad,” he added.
Local markets face a short week for Thursday’s holiday against the “Labor Day” and the Optional Not working day on Friday -with tourist purposes -, in which there will be no financial activity.
Dollar: Do you accommodate in the middle of the bank or will it continue to fall?
“The greater trust After the generous credit of the IMP and the decrease in regulations cause the gap to be closed below $ 1,200.
“The authorities seem to dissipate one of the uncertainties of the new monetary program, which constituted the source of liquidity to re -obtain the economy if the Central Bank did not buy reservations within the exchange band,” he published Banctrust & Co.
“It is expected that ‘M2’ will be doubled in the short term, which means that part of the skiing must be done in dollars. Under this assumption, interest rates should be kept high, the exchange rate should continue to be appreciated and inflation fall below 2% for the third quarter, “said Adcap Financiero Group.” In our opinion, in our opinion, in our opinion, in our opinion, Seasonal export sales will support the government’s vision that the exchange rate approaches the lower end of the short -term band“He said.
“Even within a climate where financial optimism still prevails, before the ample space for additional appreciations ahead from the successful economic standardization process, The expectation of the electoral scenario has been growing, “said economist Gustavo Ber. He added that” this is because the agitated schedule calendar and surely signs will be signed on the final scale of October (mid -term elections), crucial in search of ratifying a wide support of society that allows us to continue advancing with the economic plan and the reform agenda. “
Source: Ambito
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