Both quotes had exceeded $ 146 at the beginning of the day, until touching their highs since early December.
The CNV ordered on Monday the reduction of the parking period (permanence of assets in portfolio) from 48 to 24 hours for MEP dollar operations in search of normalizing the market; but, on the other hand, imposed new restrictions on the operation of the dollar CCL, by limiting weekly sales of dollar securities per account to 100,000 nominal.
“At a time when the Central Bank controls the rise in the dollar, it would be very good if the parking lot disappeared directly, which would generate less speculation and the bond market would be released mainly, since they are instruments that serve to hedge against the devaluation and inflation “, explained a private economist.
So far this year, both the “cash with liquid” and the MEP dollar have accumulated a rise of 3.8%, higher than the trajectory recorded by the official exchange rate (+ 1.7%), and by the dollar in the parallel market (-3.6%).
Financial dollars try to resume like this “a gradual upward readjustment, although its dynamics is regulated by interventions in the face of greater demand for coverage, encouraged by lower prices and the prospects of greater monetary expansion as a result of the pandemic”, stated a market analyst.
Meanwhile, investors are keeping an eye on developments around the government’s negotiations with the IMF. This Wednesday, as published by Ámbito, the administration of President Alberto Fernández would be seeking the endorsement of the IMF to promote a tax reform that raises the tax burden, simplifies the tax system and raises the penalties for evaders. If this endorsement is available, the proposal would be launched for consideration by Congress.
He blue dollar $ 1 rose this Wednesday to $ 160, according to surveys by Ámbito in caves of the Buenos Aires city.
The parallel, which had fallen $ 5 in the first five business days of the year, accumulates a retracement of $ 1 this week.
Thus, the gap between the informal ticket and the official wholesaler rose to 87%, from its lowest level in three weeks, after touching 97% at the end of 2020. Last week, the blue had given up $ 5.
The informal listing seemed to find a momentary ceiling of $ 169 on Monday of last week, first business day of the month. From that level reached in the middle of the day, the offer reappeared and lowered the parallel to a low of $ 160 between Tuesday and Wednesday.
The parallel fell $ 5 last Tuesday, which represented its biggest daily decline since last November 16, when it sank $ 10.
He “solidarity” dollar, which includes the COUNTRY Tax of 30% and the advance on account of Profits of 35%, scored its first drop in almost two months, by yielding seven cents a $150,20, as the retail average fell (four cents) to $ 91.03, according to the average number of banks, which the BCRA reports. At Banco Nación, meanwhile, the retail bill -without taxes- closed stable at $ 90.50.
While, the wholesale currency rose eight cents to $ 85.55, the lowest daily increase in almost a month, under the strict regulation of the BCRA, which ended another day with a buyer balance. According to market sources, it raised more than US $ 55 million, to accumulate between Monday and Wednesday net purchases for almost US $ 300 million.
In this way, the BCRA chained 22 consecutive days without currency sales.
Cereal and oilseed exporters settled on Tuesday almost US $ 94 million in the foreign exchange market, which was added to the US $ 377 million entered on Monday, so that in just two days the currencies of agriculture (US $ 471 million) exceeded the total sales of last week, they said in the market.
“In exchange matters, the Central Bank bought more than 600 million dollars in December. For this reason, net reserves rose to close to 5,000 million dollars, however, the bank’s firepower fell almost 8,600 million dollars to throughout 2020, “explained a private analyst.
The volume traded in the cash segment amounted to $ 202.7 million
For their part, from PR Corredores de Cambio said that “with no chances that authorized demand will be significantly toned by the maintenance of exchange restrictions, the improvement in private income feeds the process of recovery of Central Bank reserves, which Everything indicates, it will be more important than the balance obtained in the previous month. “
In this context, Bookings international gross of the BCRA exhibited a rise of US $ 105 million on Tuesday and closed at US $ 39,709 million.
Dollar in the world
The dollar advanced in the world this Wednesday, shaking off the weakness of the previous session, while prolonging its recent rebound from the low of almost three years touched last week.
He advance of the yield of US Treasuries, Driven by expectations of higher government spending under the Joe Biden government, it helped the dollar to partially recover in recent days.
The greenback was also supported by expectations of a continued economic recovery in the United States, even as European countries are turning to lockdowns to curb a second wave of COVID-19 infections.
Bond yields fell a bit on Wednesday, after officials at the Federal Reserve denied that they will tighten monetary conditions anytime soon, even despite the prospect of an acceleration in inflation later on.
The return on benchmark 10-year notes fell to 1.110%, below the nearly 10-month high of 1,187% hit Tuesday.
In spite of everything, the stabilization of the yield of the 10-year notes above 1% has affirmed the bottom under the dollarJoe Manimbo of Western Union Business Solutions in Washington said in a note.
The dollar index was up 0.344% at 90.335 units. The British pound hit a seven-week high against the euro, prolonging the momentum achieved on Tuesday after the Bank of England governor rejected the adoption of negative interest rates, while optimism about the pace of British vaccination also offered back.