In the midst of a climate of high tension and with little room for maneuver on the part of the Government to
stop the soaring of the parallel dollar
, this Wednesday
the blue dollar began to fall for the first time after 12 rounds
.
On the street, the price of the ticket fell a notch and
began to operate at $482
, after having recorded a new nominal maximum on Tuesday.
The financial dollars also maintain their downward trend:
the Cash with Settlement (CCL) is $452.78 and the MEP, $448.
It is a pivotal day
: not only
the informal market is going to test the Government 's capacity for action
, but the financial segment will
put Massa to the test since this Wednesday the Treasury must face the
highest debt maturity of the administration of Fernandez.
In the City they are also attentive to the
announcements of "fresh dollars"
that the Minister can make to prop up the reserves of the Central Bank.
Yesterday, when the price of the ticket touched $500, the Minister of Economy Sergio Massa came out to announce that
"every possible tool was going to be used"
to stop the bullfight.
As indicated to Clarín by market sources, at the request of Massa,
the Central intervened in the bond segment
: it used dollars from the reserves to carry out this operation and thus lower the prices of the screens.
The decision was made in the midst of a
tussle between the President of the organization and Lisandro Cleri, Massa's strong man
in Reconquista 266, which many in the City pointed out would have taken control of the Bank's table.
Although the amount of the intervention cannot be specified, market sources estimated that
close to US$ 60 million were sold
to retract the prices of the stock prices.
Specifically, it would have been a joint operation: the Anses Sustainability Guarantee Fund would have gone out to sell bonds in pesos, while the Central would have bought bonds in dollars.
In the Economy they were confident that the
drop that was achieved on Tuesday in the financial dollar dragged the blue from this Wednesday.
"
It is likely that dollar interventions will continue
to keep the dynamics of financial dollars under control. However, maintaining this effort for several more days may have a significant cost for reserves, a variable about which there is precisely deep fear given its low level," they warned in Delphos.
In the preview, in the middle of a hectic day on the streets,
the Central Bank was able to buy US$41 million for its reserves of the US$61 million that producers liquidated
under the "3 soybean dollar."
To avoid a further trigger in the exchange rate gap, the agency again accelerated its daily rate of devaluation on Tuesday and brought it to 9% monthly, a level that had not been seen since the exchange rate crisis of October 2020.
NS
look also
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The Government will continue to use reserves to stop the dollar by intervening in the financial market
For Alejandro Werner, "it is likely that the IMF wants Argentina to devalue"
