The official dollar scored its largest rise in six days, returned to $ 1,200 and the gap with the CCL perforated 1%

He Official dollar scored its greatest advance in six days and reached $ 1,200, leaving the gap with the CCL below 1% for the first time in the Milei era. He wholesale exchange rate He closed a complex wheel about $ 30 above Wednesday, about half of the bands. The officer’s operation was “paralyzed” this noon for failures in the MAE systems.

For its part, the CCL dollar He rose $ 15.92 (+1.3%) $ 1,211.65. The gailed gailed at 0.97% since the rise was less than that of the officer. Meanwhile, the MEP climbed $ 19.55 (+1.7%) to the $ 1,202.92, which implies an almost null spread (0.2%).

“The first wheel after the holidays was marked by a Buying pressure in financial dollarsespecially about the end of the day, “said market sources.

In the official segment the volume of transactions was somewhat lower than that of the previous wheels. It happened in the middle of A failure in the communications system that extended for an hour.

“We will have to monitor tomorrow if these movements are validated or if the $ 1,200 function as a temporary ceiling for the spot,” he warned Nicolás Cappellato invest in the stock market.

Dollar expectations in the short term

“The market seems to believe to the Government: after the implementation of the new exchange program, The expectations on the implicit exchange rate, previously triggered by uncertainty, were anchored“Delphos Investment said.

“This anchor obeys, above all, the Compression of interest rates after the announcement of the future departure from the stocks. However, this stability will depend on the bands remaining credible. Any inflationary rebound – a scenario to which we today assign very low probability – could disagree the exchange expectations, “he said.

“The relaxation of the stocks in April was good news twice. Not only the dollar was not located at the top of the band, but the ‘Pass-Through’ at prices was almost null. With this, April inflation is expected to be less than March, “said economist Roberto Manager.

For its part, Eco Go, said: “The government continues to insist that the BCRA is not going to buy dollars in the band’s middle and will only do it when the dollar approaches the $ 1,000 of the lower band, even when this implies missing the seasonality of the harvest.”