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The blue dollar falls for the fourth day in a row and sells for $ 176

2020-10-29T15:14:54.095Z

The cash with liqui, on the other hand, rises more than 2%, despite the greater controls.- Dollar blue today: at what it is trading this Thursday, October 29



Annabella quiroga

10/29/2020 12:03 PM

  • Clarín.com

  • Economy

Updated 10/29/2020 12:03

Economy Minister Martín Guzmán managed to lower the blue for the

fourth consecutive day

, with a combination of "

suggestive calls

" and the issuance of attractive bonds to invest in pesos and move away from the dollar.

This Thursday the currency fell to $ 176, from $ 178 at which it had closed.

They are 19 pesos less since the peak last Friday, when it had touched $ 195.

The stock market dollars are also opening higher for the fourth day and will most likely end lower due to official intervention, through communications with the main players to refrain from trading and selling cheap bonds.

The Securities Commission asked traders to inform it minute by minute who is trading. 

Cash with liqui

, which is obtained through the purchase of bonds and their sale abroad,

started with a rise of 2.3%, to $ 155.78.

Last week, in the escalation of uncertainty, the CCL had reached $ 180. Now it returns to the levels of three weeks ago.

The

MEP dollar or Stock Exchange

, the transaction to buy foreign currency in the country,

rises 1.2%, to $ 146.57.

The official move is to

go out and sell part of their holdings in bonds,

which appeases cash with liquid but at the same time sinks the price of the securities issued after the debt swap.

This increases the yield of the bond, which in the case of the AL30 already reaches 17%, far from the 12% with which it started less than two months ago. 

With the fall of the blue the exchange gap was reduced.

Last week it had touched 150% and now - with the informal rate at $ 176 - it

falls to 125%.

The wholesale dollar, where banks and companies operate, is listed at

$ 78.30

 and savings dollar, with taxes and surcharges included, reaches

$ 138.40.

Despite the fact that the Government managed to stop the rise in alternative dollars, it has been selling foreign currency on the official market.

On Wednesday the Central Bank ended with a negative balance of

US $ 50 million

, according to private data.

With this

, the floor of US $ 40 billion of

gross

reserves was drilled

for the first time in almost four years.

They closed at US $ 39,866 million, a decrease of US $ 274 million compared to the level of Mars.

So far in October, the monetary authority lost US $ 1.2 billion.

NE

Look also

Dollar: the Government wants to know minute by minute who operates in the market

Dollar: how much does it cost the government to lower the exchange gap

Source: clarin

All business articles on 2020-10-29

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