He wholesale official dollar extended its rebound This Thursday, May 15 and touched its greatest value in seven days, Within another wheel with moderate negotiated volume, And without the participation of the Central Bank, something already common since the beginning of the new exchange regime just over a month ago.
Despite the new rise in the square where the large players on the market, the retail ticket of the National Bank He closed without changes for the fourth consecutive day in the $ 1,150. For its part, the average Retail dollar in banks $ 1.73 (+0.2%) was appreciated $ 1,155.20 for sale, as the Central Bank (BCRA). Meanwhile, Blue closed without changes in $ 1,165, and is on its way to its fifth consecutive weekly.
However, the dollar in the segment wholesaler He advanced $ 6.00 (+0.5%) to the $ 1,138 for salewith which this official exchange rate He went to positive land in the weekly balance, when $ 2 is located above the closing of last Friday.
In the bag, in turn, The financials raised up: the MEP advanced at $ 1,145.62 and the CCL rose to $ 1,161.84, so the gaps were 0.7% and 2.1%, respectively.
For its part, the gross reserves of the monetary authority fell into U $ 218 million up to U $ 38,346 million. BCRA sources told Scope that the decline in international assets was due to debt payments for almost U $ 280 million to the Inter -American Development Bank (IDB) and al International Bank for Reconstruction and Development (BIRF)belonging to World Bank.
Official dollar: what happened in the day
The American currency operated again with a mixed tendency and with lower price variations, but with a slight buying trend that manifested in the last stretch of the day, They explained in the market. The operated volume fell 11% to the U $ S436 million.
“The coverage demand was installed with a better presence in the development of operations with some impact on the price that was climbing positions that moved it away from the initial minimum $ 1,139 per unit, a level that, with few modifications, remained until the end of the date, “he analyzed Gustavo Quintana of PR CHANGE OPERATORS.
In turn, the economist Gustavo Ber He stressed that “beyond the rise on Thursday, it continues to glimpse that the seasonal excess currency and the sustained appetite by ‘Carry’ could continue to push the exchange rate gradually towards the lower band. To this are added not only the positive signs of disinflation that continue to arrive, but also a eventual major appetite of foreign investors, especially funds and ‘Hedge Funds’, which could activate a Issuance ‘Linked Weight’ for said segment “he added.
Future dollar: contracts recorded generalized increases
The contracts of the future dollar They operated with most rise For the second consecutive day. For June and July the market “Pricea” a monthly increase of 2% for the wholesaler, while thereafter the expected increases are lower than 2%.
The contracts They come from falling strongly in recent days After an official record intervention last week, which the City operators detected. The government seeks to encourage “Carry Trade” for foreign capitals with the objective of underpinning reservations.
Market focus: inflation, elections and tender
In the first May debt call, the Ministry of Economy that leads Luis Caputo achievement a debt roll of 134%, which implies that he could get pesos from the market and renew what he had with the private ones. It must be remembered that on Monday he carried out a debt exchange with him Central Bank. Also, together with this tender, the exchange was offered to private.
The Secretary of FinancePablo Quirno, He cut with a series of tenders in which the level of refinancing in pesos was in the order of 70% to 75%, something that generated controversy due to whether this could be considered as an emission.
They were received 4,745 proposals for bonds offered by a total Nominal of $ 5.1 billion, As reported by Treasury Palace. Offers were received by 6.3 billion And they were accepted $ 4.1 billion nominalwhich implies an effective amount of $ 5.4 billion.
The General inflation Finally it drilled 3%, when located in the 2.8% In April, almost a point below March, the National Institute of Statistics and Census (INDEC).
Another factors that influence investor expectations are provincial legislative elections. On Sunday there was a Provincial triumph of the national ruling in Chacoafter allying with the governor Leandro Zdero. In Jujuy and Salta They were second, while in San Luis They did not present a list.
This Sunday will be the CABA legislative electionswhere Manuel Adornipresidential spokesman, is emerging to achieve a second place.
Source: Ambito
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