Annabella quiroga
07/20/2021 12:20
Clarín.com
Economy
Updated 07/20/2021 12:20 PM
The blue dollar rises this Tuesday to $ 180, two pesos above yesterday's close. With this,
the exchange gap jumps to 89%,
the highest level of the year.
At the opening of this round, the dollar counted with liquid (CCL) also escaped, which
rises 3.1%, to $ 171.3
. The CCL is the operation that allows foreign currency to be withdrawn from the country through the purchase and sale of bonds and shares that are listed in pesos and dollars. The Central Bank seeks to control the price to prevent it from adding more pressure on the blue. Therefore, it is likely that this rebound that it exhibits at the beginning of the wheel
will deflate during the afternoon,
as the Central appears selling and buying to affect the price.
Why does the CCL rise in this way?
There are several reasons behind this rally.
The first is that the rise of the blue in recent days -
increased 8% so far this month
- makes the market nervous and the CCL becomes the transmission belt of that nervousness.
To this is added that 10 days ago the Central and the National Securities Commission made changes in the regulations to make the exchange rate even more restrictive and limit the number of operations that can be done weekly in cash with liquid.
The appearance of restrictions adds more unease, while
rumors are rekindled that there could be new regulations
, something that in principle the Government denies.
On Monday, the CCL rose 2%, but closed at the same level as on Friday at 166.3, after the Central's intervention to lower it.
It is discounted that today something similar is going to happen.
Meanwhile, the MEP dollar also rises, the operation to get dollars through the Buenos Aires stock market.
This Tuesday it opened with a rise of 1.9% to $ 169. But this blue follows the same trend as the CCL and it is most likely that it will end up going down.
For their part, Argentine stocks recovered after Black Monday and the Merval rose 1.5%, while the country risk fell 0.5% to 1,615 basis points.
News in development
