At Market Unique and Free of Changes (MULC), the currency advances five cents to $ 73.05 in line with the Central Bank’s selling position.
The CCL -which arises from the purchase and sale of bonds or shares in the stock market- increases 1.1% to $ 129.21, therefore the spread with the wholesale price rises to 76.9%.
The MEP dollar, or Stock Market -similar operation to that of the CCL but within the country- rises 0.8% to $ 125.57, with which the gap with the official increases to 71.9%.
It happens after the implicit exchange rates closed lower yesterday, after having reached all-time highs in the previous days.
During the beginning of last week, the optimism of the operators was reflected in the strong contraction of the financial dollars, before a greater appetite for bonds and stocks as well as tactical bets on vehicles in pesos. However, between Wednesday and Monday, prices showed a recovery in a profit-taking framework in all Argentine asset segments.
The blue dollar remained stable this Tuesday at $ 131, according to a survey by Ámbito in caves in the downtown area of Buenos Aires, after having dropped $ 2 in the previous round.
With these new numbers, the gap with the wholesale dollar narrowed to 79.5%, after touching 95% at the end of July, and reaching a maximum of 104% in mid-May.
On Monday, the bill had dropped $ 2 while, in last week’s accumulated, it had lost another $ 3.
On Tuesday, August 4, after the agreement for the debt swap under foreign law was known, the informal price collapsed $ 8. However, between Wednesday and Thursday the currency rebounded $ 4 and on Friday it rose again.
From the consultancy Wise they maintained that there are not too many reasons for the blue dollar to rise since the debt restructuring is almost a fact, there is a trade surplus that allows the reserves to increase, and economic activity shows some signs of recovery.
It should be remembered that, last July, there had been blockages of bank accounts in dollars by banks due to “unusual movements”, carried out by the “digital coleros”, who then used the informal market to carry out the “pure” (buy in the official and sell in the parallel taking advantage of the existing exchange gap). This regulation caused a drop in the supply of caves.
Since the quarantine began, the blue has accumulated an increase of $ 45.50 (from the $ 85.50 on March 20), a product, among other causes, of greater restrictions, not only in the Single Market and Free of Changes, but also for operations with the CCL dollar and the MEP.
Futures and Reserves
Yesterday, in the ROFEX futures market, only US $ 288 million were traded. The terms showed slight recoveries. August ended with a rate of 32.50% and September at 39.10% NRT. End of the year at $ 85.73 with a TNA of 44.82%. The open contract positions totaled the sum of US $ 4,513 million.
Meanwhile, despite BCRA purchases, the Gross International Reserves contracted US $ 30 million to end the day at US $ 43,303 million.