After the strong escalation that the free dollars hit during the months of June and July, in the last month it created a kind of “peace exchange rate”, in which the prices were positioned around $290. Although political and economic pressures continuethe blue dollar today manages to pierce a barrier and registers the lowest value since the beginning of August.
In the fourth wheel of the week, the little trees and caves of the city porteña offer US bills at $289$1 less than the previous session (-0.3%). To find a similar figure, you have to go back to August 1, when it hit $282, days when Sergio Massa was expected to replace Silvina Batakis at the Ministry of Economy.
The financial exchange rates also go through the day in the red. On the one hand, the MEP dollar falls $1, to $283.57 (-0.4%). On the other, the dollar counted with liquidation (CCL) appears on screens to $287.13, $5 lower than yesterday (-2%). It is worth remembering that this last quote hit a jump of $8 on Tuesday.
Compared, the official wholesale exchange rate is offered at $139.0127 cents more than this Wednesday (+0.2%). Between a higher rate of devaluation of the commercial dollar and a drop in the blue, it is that the gap between the two is 107%. Although they are high values, it left behind the 160% of July.
“We do not believe that there will be an exchange rate jump until the Government exhausts the rest of the options, but if it were to do so, it would be next month, after the August future dollar contracts expire, in which the BCRA has concentrated most of its position (more than US$7 billion). That is why we are monitoring the open interest in the futures, to see if the Central roll the position to the September contract or if it runs out of the market”, considered Ignacio Morales, financial business analyst at Wise Capital.
On the first business day of September, the quota was renewed for eligible Argentines to buy up to US$200 through the banking startup. The “savings” dollarwhich arises from adding 30% to the PAIS tax and 35% of Earnings to the retail dollar ($145, at Banco Nación), it sells for $239.25. They are almost $50 less than parallel.
The “tourist” dollar reference price when paying cards for purchases made abroad, It stands at $253.75. In this case, in addition to the 30% PAIS tax, a 45% surcharge is applied to the Profit account.
On the other hand, in days where global aversion prevails due to fears of recession, the local stock market operates stable at 136,614 units (+0.3%). Only the shares of YPF (+2.7%) and Ternium (+1.6%) rose; in the opposite direction, Edenor (-2.4%), Telecom Argentina (-2.2%) and Cablevisión Holding (-1.9%) sank.
On the New York Stock Exchange, Argentine stocks also trade with mixed variations. YPF (+1.9%), Central Puerto (+1.4%) and BBVA (+1.4%) stand out, while Globant (-5.1%), Ternium ( -4.3%) and Free Market (-3.9%).
After the first wheel of the day, the country risk remains stable at 2,388 basic points. Outside, the bonds of the last debt swap show increases of 4.3% (Bonar 2035) and decreases of up to 1.6% (Bonar 2041).