Annabella quiroga
09/16/2021 11:42 AM
Clarín.com
Economy
Updated 09/16/2021 11:42 AM
The blue dollar raises temperature along with the political crisis.
Yesterday he gained a peso after the door slammed by the leaders of La Cámpora when they stood before Alberto Fernández presenting his resignations to force changes in the cabinet.
And today it maintains that upward course.
Yesterday the blue closed at $ 185 and today in the first minutes of the wheel it jumped four pesos and
was rearranged to $ 189
, in a convulsed market, with a lot of disparity and few operations.
With the exchange stocks putting an iron corset to the rest of the quotations, the blue is the dollar that more clearly shows the impact of the political crisis unleashed by the defeat of the government in the PASO on Sunday and yesterday's split between Vice President Cristina Kirchner and the president.
As if nothing had happened, the wholesale dollar remained in the same trend as in recent months.
This morning it opened up five cents over yesterday's close at
$ 98.30.
The savings dollar remains at
$ 170.
Financial dollars show little movement.
Cash with liquid, the operation to get foreign currency from the country, rises 0.2%, to
$ 172.3.
While the MEP dollar, which is traded on the Buenos Aires stock market, advanced 0.9%, to
$ 172.8.
With these levels
, the gap with blue jumps to 94%
, the highest level of the year.
In addition to the price of blue, the other issue that worries both the government and the different economic actors is the dynamics of the gap.
If it consolidates above 90%, there are more incentives to postpone exports and anticipate imports, which ends up putting more pressure on the dollar.
With less foreign currency inflow and a greater dollarization trend due to political and economic uncertainty, the risk is that the Central Bank will lose more reserves at a time when it is not yet clear how the economic plan and the relationship with the Monetary Fund will continue.
First selling positions in the wholesale segment of the dollar: $ 98.30 per unit, five cents above yesterday's close
- Gustavo P Quintana (@guspaqui) September 16, 2021
In addition, the rising gap may complicate the strategy of the Central Bank, which this week managed to cut the currency drain prior to the elections and accumulated purchases for
US $ 90 million
in the last rounds.
This reduces the negative balance of last week, where it had to go out to sell
US $ 500 million.
Tension in the market
In addition to pay attention to
the vagaries of politics and movements of the dollar, the look of the market will start today on the tender that will carry Minister Martin Guzman and where to seek funding for less
$ 12,000 million.
Another point of interest is the scope of the Budget 2022, the Government sent Congress last night and movements that have the dollar now on.
"As in the last five electoral processes, which were followed by a new exchange rate regime and / or a strong adjustment of the official exchange rate, after the general elections in November we should expect movements in the exchange market, either
through a acceleration of the rate of devaluation or a discrete jump
", indicated the consulting firm Equilibra.
In this framework, country risk slowed the escalation that yesterday led it to exceed 1,500 basis points and today it is down 1.3%, to
1,488 points.
AQ
Look also
At the end of a hectic day, Guzmán sent the Budget 2022: dollar at $ 131.10 and inflation of 33%
Hernán Lacunza: "Not signing with the IMF is not an option"
