07/23/2021 12:03 PM
Updated 07/23/2021 12:03
The blue dollar rose six pesos this week, fifteen since July began and 20 pesos in the last 30 days.
This Friday it is trading at
, one peso more than yesterday's close.
And it brings the gap with the official dollar to 93%.
The turbulence with the blue has deepened in recent weeks.
In April it had dropped to
but in June it began to escalate in the heat of greater demand due to economic uncertainty, the greater amount of pesos available for Christmas bonus and parity and the perception that in the second semester the country will have a lower foreign exchange income.
Despite the escalation, Minister Martín Guzmán insists that
the exchange problem is under control.
This was transmitted at a meeting by Olivos to the government's staff.
The rise in the informal dollar adds concern
8 weeks before
the PASO elections and while consumption still shows no signs of recovering.
"The problem behind the rise in exchange rate prices is that we are close to an election, economic activity fell and these noises are generated. We are talking about a framework in which people
distrust the currency again
, in the face of a macro with many problems and many doubts from the political point of view, "Pedro Siaba Serrate, Fixed Income Strategist, points out from Personal Portfolio.
Added to the pressure on the blue is that of financial dollars.
This Friday the cash with liqui (CCL) opened at
, an increase of 1.5%, while the MEP dollar reaches
, an advance of 1.3%.
For its part, the official dollar is trading at
in the wholesale segment and at
in the retail
, which brings the savings dollar to
#Blue #DolarParalelo #Argentina #DolarOficial: 101.76 #DolarBlue: 185.00 #EuroBlue: 217.66 #DolarEuro: 1.1765https: //t.co/gvOmfTmak0 pic.twitter.com/otliXEct6Y
- Blue Dollar Market (@MercaDolarBlue) July 23, 2021
These quotes correspond to the controlled version of financial dollars, the segment in which the Central Bank intervenes to control the price through operations with the
But if other papers are taken with which it is possible to operate in the CCL, such as the YPF share, the exchange rate reaches
From the Cohen Group they point out that "the alternative variants of the CCL dollar continued under pressure."
On Thursday, the price measured in the ADR of the Galicia bank ended at $ 181.3,
widening the gap with the official one to 88%
, more than 10 percentage points higher than that of the beginning of the month.
The other alternative variants of the CCL also rose, averaging
$ 180 per dollar
, while measured in AL30 (the intervened price) remained unchanged at $ 166.94.
This disparity in the prices of cash with liquid
has deepened in recent weeks due
to the measures taken by the Government to limit the number of operations that can be carried out weekly with the AL30.
"The Government has already established new regulations, in order to control some prices. Gaps were generated, but this is neither more nor less than what any economics manual says:
under pressure, where a way out can be found, the effect will be higher
-which is what we see in the prices of different dollars, blue, etc- ", said Siaba Serrate.
The country risk remains stable this Friday at
1597 basis points.
Argentine shares in New York are trading mixed while the Merval started down 0.2%.
The gap within the gap: the price of cash with liquid can vary up to 14 pesos per dollar
The one who bought dollars earned in the last 30 days four times more than the one who saved in pesos