In the same way, the MEP dollar, also called dollar bag, -similar operation to that of the CCL but within the country- climbed 3.2% ($ 3.32) to $ 105.79 in the week after accumulating a drop of 6.7% ($ 7.18) in the sixth month of the year, a period in which it touched its lowest value since April ($ 100.53). Thus, the gap with the currency listed on the MULC closed at 49.7%.
The weekly rise was mitigated this Friday, as prices registered a reduction. In the case of the CCL it was 1.1% while for the MEP the decrease was 1.4%.
Market sources told Ambit that it is “only a rearrangement” after deflating strongly in recent times, as some operators “begin to perceive it cheap in relation to the solidarity dollar, as it is very close, more considering the current monetary dynamics.”
The implicit exchange rates fell sharply in the sixth month of the year, due to the growing expectation for a debt agreement, and the entry into force of a series of measures by the National Securities Commission (CNV), which deepened the obstacles to the operation that allows to make dollars through businesses with assets.
In addition, specialists point out that greater bets on the assets in pesos also influenced, taking advantage of the “weakness” of the stock market dollars.
Official dollar
He dollar “tourist” -which carries 30% of the COUNTRY tax- rose 99 cents to $ 96.62 in the week, in agencies and banks of the city of Buenos Aires, according to an average of Scope, because the retail dollar advanced 76 cents to $ 74.32 in that period.
This is the highest weekly rise in three weeks, taking June 12 as a reference.
At Banco Nación, the ticket sold for $ 74, while on the electronic channel it was $ 73.95.
In the Single Market and Free of Exchange (MULC), the currency rose 42 cents to $ 70.64 in the week after climbing six cents on this last wheel, coinciding with the Central Bank’s selling stance for today.
This Friday It was a reduced day in New York for the July 4 holiday, a factor that can have an impact at the local level to generate another wheel with low turnover.
In the first three days, the daily average of the volume in the foreign exchange market was just above US $ 170 million, by far the lowest in several years.
The US currency returned to operate with a certain tone demanded in another day of low turnover. Prices were coupled from the beginning with the official level of regulation and remained there until the end of the day.
The maximums, recorded at $ 70.64, again coincided with the selling position set to date by the Central Bank, and were held in that range, without being modified throughout the entire session.
The Authorized demand was again active, with little response from the private side, a circumstance that required official sales (operators estimate that it was $ 25 million) to meet the needs of banks and companies.
The daily average of operations settled since the beginning of the month below US $ 200 million, something that has not been repeated for several years in the domestic dollar market.
“The policy of daily adjustment of wholesale dollar prices remains unchanged and everything seems to indicate that it will not undergo significant changes in the rest of the month that has just started,” said analyst Gustavo Quintana.
For his part, the economist Gustavo Ber pointed out that “Concerns about the sustainability of said strategy grow due to the strong monetary issue required by the growing fiscal deficit, and that it must be sterilized by Leliqs, at the risk that said excess weight will generate renewed pressure in the post pandemic. “
Yesterday, the International Gross Reserves fell by US $ 19 million to close at US $ 43,204 million.
Blue Dollar
After two consecutive hikes, he blue dollar closed down this Friday, when it yielded $ 2 to $ 127 for sale, according to a survey by Ámbito en cuevas del Microcentro. In this way, during the week it accumulated the same setback as in the day, since a week ago it had ended at $ 129. In turn, the gap with the wholesale dollar pierced 80%, standing at 79.8%, after reaching a weekly peak of 83.2% last Monday.
On Thursday the ticket increased $ 1 and on Wednesday another $ 2 after having registered its worst daily fall ($ 3) in almost a month on Tuesday before a greater need for pesos at the end of the month, at a time when companies -who can- have to face the payment of the Christmas bonus, market sources commented.
Beyond that since the beginning of the mandatory quarantine decreed by the Government, the parallel ticket accumulates a jump of $ 41.50 (on March 20 it had closed at $ 85.50), last June the price of the blue showed greater stability, operating in a range between $ 124 and $ 129, within the framework of greater controls in the official markets.
In this way, the informal ticket registered a rise of 0.8% ($ 1) in June, while in the first half it accumulated a jump of 60.5%.
Future Dollar
In the Rofex futures market, $ 126 million were traded. The terms are again low, falls close to 0.4% for November and December. July ended with a rate of 33.40% and August at 36.69% TNA. End of the year with a closing at 86.20% (44.42% TNA). The positions of open contracts totaled a sum of US $ 3,944 million.
–
