General

How much is it trading this Tuesday, December 15

Meanwhile, the wholesale currency amounts to eight cents to $ 82.53.

Yesterday, the Central Bank (BCRA) managed to end its interventions with a positive balance for the fourth consecutive day and accumulates a net purchase of almost US $ 100 million so far this month.

Private market sources estimated that the monetary authority bought more than US $ 30 million, which was added to the US $ 115 million acquired last week.

"For the fourth consecutive day, The Central Bank manages to end its activity in the market with a positive balance due to its intervention in the foreign exchange market. The accumulated for the month now reaches about US $ 90 million of net purchases, a not lesser figure taking into account the poor results of the previous months ", highlighted the analyst Gustavo Quintana.

The monetary authority took advantage of the improvement in the supply by making purchases that allowed it to recover excessively the resources used in the beginning, also defending the $ 8 floor 2.45 until the end of the day.

For Quintana, "the strong exchange restrictions move the demand for foreign exchange from the center of the scene and for the moment, they leave the way open for the monetary authority to maintain a cycle of recovery of reserves after a period of negative balances that generated some concern in the market. "

In this context, the gross international reserves of the Central Bank climbed on Monday to US $ 11 million this Monday to US $ 38,761 million .

Financial dollars

At the same time, the implicit exchange rates advance for the third consecutive round. The dollar "counted with liquid" rises 0.6% to $ 143.73, so the gap with the wholesaler is located at 74.15%. In turn, the MEP, or Stock Market, rises 0.7% to $ 141.33, leaving a spread of 71.25%.

"Despite the growing perception among operators of lower prices, financial dollars continue without raising his head not only because of the seasonal greater demand for pesos but also the interventions that act as a limitation, and thus it is that they continue near the 'floor' that the savings dollar marks, "planted the economist Gustavo Ber.

The Ministry of On Tuesday, Economía carried out a new exchange of debt in pesos for bonds in dollars, an operation that allows foreign funds to exit the market without putting pressure on the price of the dollar in alternative markets (Counted with settlement and MEP dollar).

While Therefore, the market awaits progress in negotiations with the International Monetary Fund (IMF) and does not stop paying attention to the level of BCRA reserves, which in December shows some improvement.

Blue dollar

The dollar blue remains stable it to $ 151 this Tuesday, after scoring its second consecutive rise, after approaching the "solidarity" price last week.

Thus, the gap with the official wholesale dollar stands at 83%, well below the ceiling of almost 150% that was observed in mid-October.

The parallel ticket increased $ 3 yesterday, according to a survey of Ambito in caves in the city of Buenos Aires, after accumulating four consecutive weekly casualties.

It should be remembered that blue had risen strongly in the second week of November to a high of $ 172. However, from that moment it began to decline uninterruptedly until last Friday.

Among the factors that contributed to this bearish scenario for blue, analysts and operators point to official intervention in the financial dollar markets the bond bids launched by the Ministry of the Economy (where the demand for the dollar linked bond tied to the evolution of the official price was highlighted), and fiscal and monetary signals, such as adjustment in the Transitory Advances from the Central Bank to the Treasury, at least until December.

The combination of measures and the greater power granted by President Alberto Fernández to Minister Martín Guzmán it managed to defuse, at least for the moment, the exchange rate and financial tension.


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