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The blue dollar remains at $ 180. Did it find a new top?

2021-08-05T16:20:31.089Z


He has been on this quote for four days. The gap reaches 85%. Blue dollar today: how much it is trading at this Thursday, August 05


Annabella quiroga

08/04/2021 12:58

  • Clarín.com

  • Economy

Updated 08/05/2021 13:08

This Thursday the blue dollar remains at

$ 180

for the fourth consecutive day, which brings the gap against the official exchange rate to

85%.

This stability contrasts with the sustained rise in June and July, which led it to climb

30 pesos in 60 days

, reaching $ 185.

In financial dollars, cash with liqui opened at

$ 172.4

with a rise of 1.3%.

For its part, the MEP dollar, which is traded on the Buenos Aires stock market, is trading at

$ 169.7,

an increase of 0.4%.

Towards the afternoon, it is expected that, as happens every day, the Central Bank will intervene by selling AL30 bonds that will lower the price of financial dollars.

This Thursday, the wholesale dollar started with a rise of five cents, which takes it to

$ 96.88.

The retailer averages

$ 101.85

at the opening

according to the Central survey, forty cents below yesterday's close.

The saving dollar remains at

$ 168.

With this, the saving dollar is 12 pesos below the blue dollar, which would boost demand through home banking, which in the first four months of the year had been punctured because the blue dollar was cheaper.

Today with the price of $ 180 the informal one remains among the most expensive, on a par with the cash with free liquid of the SENEBI segment, where the Central does not intervene, which is trading at

$ 181.

These two elements contribute to decompressing the demand on the informal segment, allowing this

pause in the rise

.

However, analysts agree that in the pre-election period the blue dollar will rise again, so the current price

is closer to being a floor than a ceiling.


More purchases from Central


So far this week, the Central reversed the selling trend that had dominated last week.

On Wednesday he 

bought another $ 45 million

.

Last week the monetary authority had to go out to sell dollars in four consecutive wheels to supply the increased demand and not validate a major devaluation.

In this task,

US $ 310 million was lost.

On Monday, on the first business day of August, the Central ended neutral, and on Tuesday it was able to buy again: it took a positive balance of US $ 70 million

.

This helped defuse tensions after the concern that arose on Tuesday from the tepid results of the tender carried out by the Ministry of Economy. 

The Government faced a maturity of $ 225,000 million but was unable to fully renew it.

"Despite having offered two dollar-linked bonds with post-election maturity, the Ministry of Economy raised only

$ 146,000 million

. In this way, a

65% rollover

was achieved

,

far from the estimated 127% per month required to reach the goal of finance 40% of the remaining fiscal red for the year in the market, "they said from Cohen.

The difficulties in covering the rollover open the door to the Government having to go out and look for

other sources of financing.

Here all eyes are on the Central Bank, since if the situation does not change, it will have to come to the aid of the Economy again and this will require more issuance.

In this context, the positive news of the day is that the country risk falls 0.7%, to

1,587 basis points

, after having touched 1601 points yesterday.

However, it is difficult for this decline to be sustained, because Argentine bonds are falling today between 0.5 and 1%, which puts limits on the decline of the index.

AQ

Look also

After a record balance, Mercado Libre shares soared 13%

Martín Guzmán said there will be no shock plan and denied a devaluation

Source: clarin

All business articles on 2021-08-05

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