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Blue dollar: with a new fall to $ 173 the Government manages to maintain the drop for a week

2020-10-30T15:27:28.769Z

On the other hand, the dollar counted with liquid rises 1.5%, awaiting greater official interventions.10/30/2020 11:53 AM Clarín.com Economy Updated 10/30/2020 12:07 PM The Government is heading to close the first week since August in which it manages to control alternative dollars - from the illegal blue to the MEP and the dollars that are bought with stock exchanges - although the ways it chose to do so are not entirely sustainable in time. The blue came down day by day. It fell 20 pesos from



10/30/2020 11:53 AM

  • Clarín.com

  • Economy

Updated 10/30/2020 12:07 PM

The Government is heading to close the first week since August in which it manages to control alternative dollars - from the illegal blue to the MEP and the dollars that are bought with stock exchanges - although the ways it chose to do so are not entirely sustainable in time.

The blue came down day by day.

It fell 20 pesos from $ 195 last Friday to $ 175 on Thursday and this Friday it

falls back to $ 173.

Stock market dollars opened higher throughout the week, and then the government managed to calm them down.

This Friday the same thing happens: the dollar

counted with liqui,

which is obtained by buying bonds and selling them abroad, rises 1.5%, to $ 153.52.

The

MEP dollar or Stock Market

, the transaction to buy foreign currency in the country,

 rises 0.7%, to 145.01.

Last week the CCL had reached $ 181. The Government managed to lower it through communications with the main players so that they refrain from operating and increased controls (the Securities Commission asked the brokerage agencies to inform it minute by minute minute who is operating). 

Behind the decline in financial dollars was also the play of official bodies that 

sold part of their holdings in bonds

 to stop cash with liquid.

The move was effective, but at the same time it pushed the price of these securities down.

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

Last week it had touched 150% and now - with the informal one at $ 173 - it

falls to 120%.

The wholesale dollar, where banks and companies operate, traded at

$ 78.33.

The retailer finished at $ 83.90 and the savings dollar, taxes and surcharges included, came to

$ 138.40.

On Thursday 

the floor of $ 40 billion of

gross

reserves was drilled

for the first time in nearly four years.

They reached US $ 39,827 million.

So far this month, it gave US $ 1.2 billion.

As explained by the economist Gustavo Ber "at the exchange rate, the BCRA continues without modifying the strategy of validating a gradual slide in the wholesale dollar. It happens that bets would be concentrated on

compressing the gap,

 especially through the retraction of financial dollars, and so it is that they have been slackening considerably in the last wheels -beyond the respite of today- from official interventions together with complementary strategies ".

For its part, country risk - the JP Morgan indicator that measures the surcharge that Argentina pays for borrowing in relation to the United States Treasury - rose again and

increased 0.5% to 1,492 basis points.

NE

Look also

The five shocks that made the blue dollar drop 20 pesos in a week

Dollars and soybeans: despite the cut in withholdings, the foreign exchange settlement in October was the same as in September

Source: clarin

All business articles on 2020-10-30

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