Financial exchange rates woke up. After having remained calm since the beginning of the year, while the informal price of the dollar rose to nominal records, this Thursday they advance for the second consecutive round and follow in the footsteps of the blue dollar, which today exceeds $360.
In the informality of the Buenos Aires caves, the US bill sells for $362, a new nominal high. It is a rise of $3 compared to the previous round (+0.9%), while in the week it accumulates an advance of $8 (+2.2%).
Financial exchange rates are also trending higher, pressured by higher demand. The mep dollar it is trading in the capital market at $335.12, a daily climb of $7.50 (+2.3%). The dollar counted with liquidation (CCL) appears on screens at $340.29, $3 more than the previous close (+1%).
Thus, the gap between the blue and the financiers is reduced to 8%. It had expanded in recent weeks, when the parallel continued its upward trend since the last fortnight of December, while the rest of the free prices headed downward. The economists pointed to various factors, including government intervention through the purchase and sale of bonds, international factors and the entry into force of the mep dollar for tourists.
“Among economic agents, the consensus was growing that such dynamics would not be sustainable. This is because the delay continuestherefore, the fact that the readjustment is resumed in the short term is reasonable through a gradual convergence towards the free dollar and card. The ‘spread’ against these references had been widening”, observed Gustavo Ber, head of the homonymous study.
While waiting for the inflation data for December to be known this afternoon, the Central Bank (BCRA) continues to move the official wholesale exchange rate at a monthly rate of 5%. Today, it sells for $180.97. They are 30 cents more than yesterday (+0.2%).
At the Banco Nación window, the official retail exchange rate remains stable at $187.75. The dollar savings ($309.78); the dollar card, for purchases of less than US$300 per month ($328.56); and the qatar dollar ($375,50).
This day is marked by the inflation data from the United States, which fell for the sixth consecutive month. In December it was -0.1% monthly (and 6.5% year-on-year), in line with analysts’ expectations. This is a key figure, since It will mark the future of the monetary policy decided by the Federal Reserve of the United States (FED).
For Juan Manuel Franco, chief economist at SBS, the acceleration of core inflation and in services will continue to imply caution on the part of the FED. For that reason, in February the entity could move rates 50 basis points, the same value as December.
“Slow down the pace of hikes would risk a relaxation in financial conditions due to the market’s interpretation that inflation would be controlled, something that could be counterproductive and about which the FED itself warned in the minutes. Going forward, data on activity, employment and inflation in services will be key to assess the path of rates”, he added.
In this context, Argentine shares listed on the New York Stock Exchange (ADR) operate unevenly. On the one hand, the shares of Telecom Argentina (+6.6%), Loma Negra (+5%) and Irsa (+1.2%) advanced. On the other hand, Pampa Energía (-5.7%), Grupo Financiero Galicia (-2.5%) and Central Puerto (-2.5%) fell.
The country risk advances 14 units, up to 2010 basis points (+0.7%). This is because the bonds from the last debt swap they register some falls of up to 1.2% abroad (Bonar 2030), although they also present increases of 1.2% (Bonar 2035),
THE NATION