07/12/2021 12:02
Clarín.com
Economy
Updated 07/12/2021 12:02
Despite the Government's attempt to shield access to the financial dollar to prevent the exchange gap from skyrocketing, this Monday at the opening of the wheel all the parallel exchange tips began with increases.
Cash with settlement jumps above $ 171;
while the blue dollar climbs five pesos to $ 179.
In the City of Buenos Aires the players
are accommodating to the regulations
that the Government communicated during the last long weekend.
The expectation is that, after a first moment of confusion,
the volume of operations to be dollarized in the financial market will be transferred to other types of securities
.
In the last wheels,
the cashier with liquidation had flirted with the $ 170
at the beginning of the day, but the official interventions had made him back down.
Even so, since the beginning of July this financial dollar has already added an increase of 3.2%.
Now, with the announced measures,
the Central Bank increases control over this market and the CNV limits the volume.
"They are looking for official interventions to cost less, but they only add distortion to a very hit market," said a trader this morning.
In this sense, PPI analysts explained: "The tightening of exchange restrictions responds to the
risks of greater pressure on the exchange rate in the coming months.
The demand for hedging grows ahead of the elections and amid expectations very deteriorated relative to economic conditions going forward.
In the stock market, after last Friday's holiday,
ADRs posted a new rise in New York, with gains of up to 3.6%.
The Merval index also gained 1.4% at the beginning of the week.
Meanwhile, bonds in dollars operate mostly in decline, with the
exception of Global 30, which is the one that is usually used to carry out the cash operation with settlement: it rises 0.8%.
SN
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