In the segment wholesalerwhich is the reference of the official market, the Dollar fell to $ 1,114 and lost $ 10 although it played minimums in the day in $ 1,100. The financial ones replied the casualties of the rest of the contributions.
Indeed, The CCL retreated $ 7.96 (-0.7%) to $ 1,157.44 and the MEP fell $ 12.75 (-1.1%) to $ 1,143,32. Even so, the gap with the wholesaler grew slightly to 3.9% (in the case of the CCL).
For its part, the official retail dollar operated $ 1,187.18 for purchase and $ 1,138.07 for sale In the average of the financial institutions published by the Central Bank (BCRA). Meanwhile, in the National Bank The ticket was located $ 1,080 for purchase and $ 1,130 for sale and reached new maximums from the debut of the bands.
As for the Dollar Blue quoted at $ 1,175, According to a survey of Scope in the City caves.
It should be noted that, on the previous day, The official dollar suffered a strong decrease that was also evidenced in future dollar contracts. Thus in the longest deadlines, going from -5.6% to May to a -9.7% In December, this Thursday they rebound towards the end of the year. Strictly speaking, from October they go up.
Thus, as of October the “price” market a change rate of between $ 1,215 and $ 1,246.
Was there market intervention?
Juan Manuel Francochief economist SBS groupHe said that “yesterday’s day was characterized by a strong drop in the contributions of the different FX and, with greater force, in the prices of future dollar contracts. Specifically, the wholesaler FX yielded 5.85% while CCL and MEP fell 3.80% and 4.05% respectively.”
Meanwhile, the specialist remarked “Surprised” The very high volume operated with future dollar contracts. The open interest increased, compared to the previous day, by US $ 868.8 million, and the increase of US $ 485.7 million in the December contract was highlighted. Excluding the May contract, the rest of the contracts closed to TNAS below 20%.
“While it is not ruled out that it has been the BCRA intervening in futures, there has been no official comment in this regard. The market will be attentive in the next few days to novelties, since the future movement was very abrupt,” I determined.
Source: Ambito
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