He Wholesale dollar registered its greatest rise in more than three weeks This Thursday, May 29 and surpassed Blue, while the retailer touched the $ 1,200. The National Bank ticket also shot up to the $ 1,195 for sale.
In the wholesale segment, the dollar extended its advance and climbed $ 23 (+2%) to $ 1,183 for sale. Accompanying this dynamic, the future dollar He operated with all his deadlines. From here at the end of the year the market “price” an increase of 14.1% in the official exchange rate, which would close 2025 in the $ 1,349.50, according to the prices agreed in the ROFEX.
For its part, he Retail operated a $ 1,199.79 for sale In the average of the financial institutions published by the Central Bank (BCRA)with an increase of $ 19.79 compared to the price of Wednesday, and operates above both the Blue and the MEP.
Since the officer’s price remained among the flotation bands, the BCRA remained without intervening. In that framework, International gross reserves retreated at US $ 78 million, to US $ 38,364 million, thus accumulating 16 setbacks in the last 20 wheels.
The causes of climbing in the dollar
Operator Gustavo Quintana suggested in dialogue with scope that the climbing of the currency has to do with “Coverage at the end of the monthand purchases of some official banks to attend debts with the outside. “
For his part, Ian Colombo, Gold Cocos Financial Advisor, put the Treasury debt tender This week as a relevant factor when explaining these movements. “In principle because the treasure He had to pay $ 8.5 billion, of which he was able to renew in $ 7.5 billion pesoswhile the other Billón got it with the issuance of the 2030 Bonte outside, which entered dollars, not in pesos, “he said.
In parallel, he said The 2030 Bonte rate, which was 29% for the next 5 years, was greater than 22% that the market expected, which reflects that the international market is not so clear that inflation drops so abruptly. “At least the international investor subscribing is a bonus in Argentina that is paid in pesos seeks to cover itself by the bad credit rating and for the bad behavior of the markets we had for the previous seven years,” he deepened.
From Personal investments portfolio (Ppi) added as a proviso to the Provincial Debt Missings They approximate, in particular that of CABA on June 1 for US $ 330 million. In addition, those of Córdoba are added for US $ 18 million and jumps for US $ 56 million, adding a total of US $ 404 million. According to the BCRA regulations, the provinces are enabled to access the change market within three business days prior to expiration.
How much the parallel dollars closed
He dollar Blue It ended stable a $ 1,170, According to a survey of Scope in the City caves.
On the contrary, the CCL exhibited a rise from $ 18.89 (+1.6%) a $ 1,194.22while the dollar MEP grew $ 17.10 (+1.5%) to $ 1,181.90. In this way, the gap between the bag and the officer returned to negative land.
Bonte
He Ministry of Economy He managed to place some US $1 billion In a bonus subscribable only for external investors. This is the first issuance of this type in seven years, which even being of Argentine legislation, constituted a test with a view to a return to global markets.
The type of interest rate that the Treasury Palace had to pay for the return to the global markets of almost 30% in pesos marks still a high degree of uncertainty in the market.
“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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