The informal exchange rate closed unchanged this Monday at $1,135 for sale and the gap with the official one was 13.7%, the lowest of Javier Milei’s management. What do financial analysts expect going forward?
He blue dollar does not raise its head –although he seemed to find a flat in the $1,120a value it reached last Thursday – and in a highly volatile day, this Monday ended unchanged at $1,135. Behind him closure of the first phase of money launderingwhich generated a greater supply of currency, city analysts explain what can happen going forward with the parallel currency.
With this Monday’s closing without changes in $1,135, the gap with the officer he was located in 13.7%minimum management Javier Milei and since 2019. financialfor their part, rose slightly – the MEP 0.1% to $1,131.23 and the CCL 0.2% to $1,161.46 – and the “spread” with the wholesaler it positions itself between 13% and the 16%.
Keys to the blue dollar after the first stage of money laundering
For the operator of PR Corredores de Cambio, Gustavo Quintanahe blue dollar It does not have “significant reasons” to have a change in trend. “Maybe the market will correct a little, but there are no underlying reasons for an increase that will attract attention”he highlighted.
“There may be a slight post-laundering increase effect due to a greater demand for foreign currency that remained in the banks’ accounts, but there may also be a demand effect due to less entry of foreign currency into the system that generates slight pressure on the parallels. “analyzed the economist Federico Glustein.
The analyst of F2 Financial Solutions, Andrés Reschiniadded the variable “inflation projections”which help the dollar to continue falling, as well as the “strict control that exists in the monetary base.”
“There is a lot of potential for dollar loans to continue increasing and that can help keep the gap without tension”Reschini noted.
Glustein, for his part, emphasized that The electoral result in the United States could generate an outflow of foreign currency due to “fly to quality” with an eventual recovery of rates in that economy. However, he stated that he does not consider a strong effect because “there is confidence in the market about the direction of the economy and exchange rate sustainability”.
Other reasons that can impact the value of blue
This Tuesday the Chamber of Deputies is scheduled to discuss the DNU 846which allows the Executive to go into debt without going through Congress, and another project on the limitation of decrees of necessity and urgency.
In that sense, Quintana mentioned that “We have to wait to see what happens in Congress, to know the market’s reaction.”
Reserves are currently in US$29,859 million and with him closure of phase one of laundering an outflow of liquid reserves could be generated, although Quintana highlighted that since the impact was “marginal” via reserve requirements, therefore they are not “technically” reserves of the Central Bankthey may have change but for a technical issue.
Source: Ambito
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