The wholesale dollar registered its second largest weekly rise since the flexibility of the stocksby climbing almost 5% and position themselves near the center of the flotation bands. However, in the first full month of the new scheme of flotation bands, he climbed just over the old “Crawling Peg”.
After exceeding $ 1,200 in the intradiario, The wholesale officer closed at $ 1,188, $ 5 (+0.4%) above the previous closure and $ 54.50 (+4.8%) compared to last Friday. In the accumulated of May he advanced alone $ 18 (+1.5%).
For its part, the retail dollar operated $ 1,161.45 for purchase and $ 1,209.35 for sale In the average of the financial institutions published by the Central Bank (BCRA). Meanwhile, in the National Bank The ticket quoted $ 1,150 for purchase and $ 1,200 for sale.
He dollar BlueMeanwhile, it was sold around $ 1,180, According to a survey of Scope in the City caves.
The future dollar operated with an upward trend, although on the closure the contracts cut their advances, in line with the dynamics of the officer. Even so, the market continues to “promote” a monthly increase of just 1.8% on average, as of June.
“In line with the behavior of the week, the market positioned a maker from the opening, becoming widespread increases of 1% throughout the curve. However, on the closure, the entire curve (excluding May) presented a strong reversal, even returning to return practically the entire rise over the wheel. In terms of activity, Again a high volume level was recorded, concentrated in the contracts of May, June and December“They stood out from Adcap regarding what happened in A3 (former Rofex).
As for the types of stock exchange, the MEP climbed $ 8.35 (+0.7%) at $ 1,191.72, while the CCL He advanced $ 9.19 (+0.8%) and operated at $ 1,204.92.
Strong up of the dollar: what’s behind
“The gradual rearrangement of the dollar is extended on the last wheels, which passes with order and should be common within the current flotation scheme with bandsso he does not arouse concerns among operators, nor does it reduce the appetite for peso placements, as reflected in yesterday’s debt tender. It happens that it continues to excite investors the positive expectations about the disinflation process, based on the successive friendly readings left by private high frequency measurements, “he revealed Gustavo Ber.
“In recent days, the provinces could have accessed the change market to face debt commitments for US $ 404 million on Monday -330 million city of Buenos Aires (CABA), 18 million Córdoba and 56 million jumps-, pressing the upward exchange rate (weight fall),” he said Personal investments portfolio.
He added that “Beyond the provinces issue, we consider that at this level of exchange rate there is a demand for the ‘retail’ and importers that prevent the dollar from continuing to compress.”
Source: Ambito
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