He wholesale official dollar He went up on Tuesday, May 27 and played a maximum of three weeks, as did the ticket in the Retail segment. Given the high volume of operations in futures, in the market they suggested that there was intervention from the Central Bank (BCRA) to calm the bullish dynamics in the A3 markets (former Matba-Rofex) and thus avoid a greater advance of the official exchange rate.
In this way, in the wholesale segment, the dollar extended its advance and climbed $ 13 to $ 1,156, for saleafter a Monday marked by the little volume operated due to the “Day Memorial” holiday in the United States.
He future dollar operated with increases in all its deadlineson a day with high level of business. “Would give the feeling of an intervention again within December“Sources from the City said.
From here at the end of the year, the market “price” an increase in 13.8% In the official exchange rate, which would close 2025 in the $ 1,315according to prices agreed in A3 markets.
Recently, the BCRA reported that in April it had a net sales position for almost US $ 409 million in concept of “financial derivatives (forwards, future and options)”. Likewise, the Outlier consultancy predicted that, “since the most significant interventions were observed after that cut (already in the month of May), It is reasonable to estimate that the current position approaches US $ 1 billion (or even more). “
For its part, he Retail operated a $ 1,174.39 for sale In the average of the financial institutions published by the Central Bank (BCRA)with an increase of $ 10.45 compared to the price of Monday. Meanwhile, in the National Bank The ticket increased $ 10 a $ 1,120 for purchase and $ 1,170 for sale.
He dollar Bluemeanwhile, closed stable to $ 1,170, same price as at Banco Nación, According to a survey of Scope in the City caves.
On the contrary, the CCL exhibits a strong rise from $ 21.66 (+1.9%) a $ 1,172.91while the dollar MEP grows $ 12.41 (+1.1%) to $ 1,157.83. The gaps are between 0.2% and 1.5%.
Do reserves matter?
The Secretary of Finance, Pablo Quirnorelativized the importance of accumulation of reservations included in the clause according to the International Monetary Fund (IMF), although he ratified that They will try to add dollars through debt placements.
“The reservation goal in a time number. The only source is not just the purchase (of currencies in the official market). We have other sources of financing, “said the secretary and He confirmed that the government’s commitment to approach the objective of accumulation goes through the debt route. “We are ok with the process,” he added.
While the BCRA continued without intervening in the official market, International gross reserves fell $ 240 million, to US $ 38,385 million on Monday. On Friday they had cut a streak of seven consecutive casualties, mainly thanks to an IDB disbursement.
“The expectation of a greater offer, from the application of savings, would be added to Export settlements, successive corporate emissions -and possible provincial provincial Among foreign investors taking advantage of the appetite for betting in local currency, “he said Gustavo Ber.
For this expert it is so that The dollar was threatening to resume a gradual decrease and address $ 1,100, with chances even to break that level soonalso encouraged by Positive signals from private high price measurements during May.
Source: Ambito
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