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The blue dollar keeps piercing the floor

Despite starting the day with a slight rebound, financial prices returned to operating with strong drops , while both the blue dollar and the « solidarity » dollar maintained the trend that they already saw in recent days. In this way, the parallel price fell again and closed at $ 148, while the official price climbed to 155.58 pesos and continues as the most expensive in the market.

According to the prices that the Central publishes on average daily, the retail dollar ended the day at $ 88.05 for the buying tip and $ 94.29 for the selling point .

Thus, those who can buy dollars through homebanking operations, with a monthly limit of USD200, must pay per unit about $ 155.58, ten cents more than the previous day, and it remained the highest in the square.

 

 

With this new advance, the currency in the retail circuit is around 10 pesos above the stock market variations and 7 pesos above that negotiated in the informal circuit.

So far this year, the blue dollar accumulated a decline of $ 18 , equivalent to 10.8% and away from the record of fines in October when it approached $ 200, in the middle of a deep exchange run.

Financial quotes fell

In the financial prices circuit, the MEP dollar and the Cash with Settlement operated with a downward trend and the gaps with the wholesaler were at the lowest values ​​in the last eight months. .

The so-called dollar Bolsa or MEP traded at $ 141.77, with a decrease of 1.20%, equivalent to $ 1.70, with which the gap contracted to 59.2%, the lowest difference since September of the year previous.

The dollar known as Cash Cash with Settlement fell 1.4%, equivalent to $ 2.11 and closed at $ 145.82, so the difference with the wholesaler contracted to 63.7%.

The wholesale dollar and inflation expectations

At wholesale sector , the North American currency ended at $ 89.06, twelve cents above this Wednesday and the volume traded in the cash segment was just USD208.4 million.

In the year and unlike the blue, the wholesaler accumulates an increase of 5.8%, from $ 84.15 at the end of 2020, a rate of increase higher than inflation.

 

 

The amount of the operations was low compared to other days and the Central Bank had a neutral result due to its intervention in the market.

With only six wheels left to finish the month, the wholesale dollar slipped less than 2% . This confirms the slowdown in the rate of daily devaluations defined by the BCRA with the intention of anchor inflation expectations around 29% per year projected by the Budget, after two months of sharp price escalation.

Lower expectation of devaluation?

The exchange market opened this Thursday with the focus on the calm harvested in the last wheels after the Government succeeded in making the market reduce its expectations of short-term devaluation given the certainty that the exchange rate will act as an anchor.

Thus, this Wednesday, after the long weekend, the Central Bank managed to buy another 45 million dollars, according to private sources. With an unusual farm sale for February, in the month it already accumulates about 450 million for reserves.

Also, yesterday the financial dollars about 4 pesos sank. The dollar MEP yielded 2.8% to 143.47 pesos and the counted with liqui (CCL) fell 2.4% to 147.93.

In parallel, there was a portfolio realignment of many investors who took out funds positioned in dollars linked to fixed rate assets or Badlar. According to the consultant Delphos , the new implicit values ​​of the securities determine a sharp drop in market devaluation expectations, which went from 60% to 37% by 2021. On the other hand, expected inflation is still far from the official goal of 29% and is around 49%.

 

 

Dollar today: expectations of devaluation loosen and the Central seeks to extend the calm