Annabella quiroga
01/27/2021 12:21 PM
Clarín.com
Economy
Updated 01/27/2021 12:23 PM
This Wednesday the blue dollar is trading at $ 154,
two pesos below
yesterday's close.
Thus breaks the stability that had been maintained for five wheels.
At the same time, financial dollars rose again, while YPF shares resumed its fall after the 10% rebound it exhibited yesterday.
The blue dollar has fallen twelve pesos since the beginning of the year.
In this way, the gap with respect to the wholesale dollar
reaches 77%
, almost half of the peak of 150% that it had reached last October.
The wholesaler is trading at
$ 87.13,
an increase of 0.1%.
The retailer sells for
$ 92.42
at the bank average, bringing the savings dollar, with all surcharges, to $ 152.4.
The MEP dollar, which allows access to the currency through operations on the stock market, rose 0.6%, to
$ 147.7
.
While the cash with liquid, the operation happens to extract foreign currency from the country, increases 0.7%, to
$ 150.7.
The intention of the Government is to prevent financial dollars from escaping beyond $ 150. That is why official agencies continue to supply the market with the sale of the bonds that are used for these transactions, with the objective that the
higher the offer the quote will not skyrocket.
Thus, after having touched $ 180 in October, when the blue jumped to $ 195, the cash with liquid and the MEP
have
remained
in the range between $ 140 and $ 150 for almost three months.
This strategy works to appease the market while opening the door to
"mash
.
"
Those who buy at these values sell in the blue and get a limited difference, no greater than three or four pesos per dollar, but which in volume becomes significant.
The reason is that
there are no limits to operate in these dollars
: you can buy everything you want -or can-, sell it in the blue and redo that roll several times a month.
With this bike, the blue is kept supplied, which means that the price does not escape.
But analysts warn that
there is not much room
for the blue to continue to decline.
If you "stick" to cash with liquid, the roller stops making sense and the supply stream is cut off.
In recent days, the AFIP began to investigate the purchases of financial dollars by taxpayers, among whom they detected
"fiscal inconsistencies
."
They have already sent notifications to more than 300 people, most of them monotributistas, to provide documentation that supports the operations they carried out.
To this is added that there are already signs in the market that the seasonality of the demand for pesos has been cut, so
the appetite for the dollar rises again
.
For this reason, in the last five wheels, the Central stopped buying foreign currency and had to go out to sell close to
US $ 200 million.
Country risk, the JP Morgan indicator that measures the excess rate that Argentina should pay for borrowing, rises 0.8% to
1,444 basis points.
The Merval falls again this Wednesday and yields 1%.
It does so in tune with YPF, which once again has a negative day,
with falls of 2%
, after the 10% rebound that it had shown on Tuesday in the Buenos Aires stock market.
In New York,
Argentine ADRs are trading down.
YPF loses 1.9%.
On Tuesday, the state oil company had recovered in line with the improved offer that the company presented regarding the debt restructuring proposal that on Monday had been rejected by creditors.
With this, the stock rose from US $ 3.40 to US $ 3.80.
Today it falls back to US $ 3.70.
The shares of the oil company fell in recent days after the advance of Kirchnerism on the company with the displacement of Guillermo Nielsen as president and his replacement by Pablo González, former deputy governor of Santa Cruz.
So far in January the papers have collapsed 17% in Buenos Aires and 21% abroad.
AQ
Look also
The AFIP began to investigate the purchases of financial dollars: it has already intimidated more than 300 taxpayers
The ten steps to request a return of 35% of the purchase of the saving dollar
