Dollar today: blue fell again and fell $ 12 in two days

the blue dollar it continued to decline after the strong increase of the previous days. After posting a rally of $ 20 in nine days, today the parallel price fell for the second consecutive wheel and fell to a value of $ 150.

On Monday of last week, the blue started to overheat and hit a sale price of $ 162. However, yesterday it sank $ 8 and this Friday it marked another low of $ 4, so racked up a loss of $ 12 in two days. In this way, has erased more than half of the escalation he has witnessed in the past two weeks.

“The blue dollar is a small and liquid market, so volatility may continue to exist who enrolled during those days. For this reason, it is important to look at the CCL, which is a big thermometer of the gap, ”said Juan Ignacio Paolicchi, analyst at the consultancy firm Empiria.

When it comes to financial prices, this wheel did not show any variation, although it started the day on the rise. The MEP dollar, or “Exchange,” sold for $ 152.19, while Cash With Settlement (CCL) traded at $ 155.64. If we take into account the end of the month, the MEP added an increase of 7% and the CCL closed the month of April up 5.8%.

For economists, the decline that the blue showed yesterday was associated with “opportunity” trades, especially since it was at the end of the month. In other words, there were people who took advantage of the increase in tickets to sell and get a few more pesos. However, there is brokers What they suspect “friendly hands” of intervening in the square.

However, experts consider that the withdrawal is circumstantial and that these values ​​could mark a new “bottom”. With an average inflation of 4% per month and an official dollar without jumps in the first quarter of the year, the currency “sooner or later” would accompany.

“We are facing stress in the public accounts, a tight trade balance and limited reserves. All the reasons why the dollar stock market and counted with liqui arbitrate are rising, and the blue dollar, which adds to the value of both expectations, is above them. According to these assumptions, a blue dollar above 200 USD is very likely by the end of the year ”, dared economic analyst Salvador Di Stefano.

Today, with a value of 150 dollars, the gap between the blue dollar and the value of the US note in the official market has narrowed. At the close of the trading day, the wholesaler closed at $ 93.53, three cents higher than yesterday’s close, with which the difference between the two is 60%. Three days ago, the ratio reached 75%.

On Banco Nación screens, the retailer was flat at $ 98.50 and closed April with a rise of 1.03%. In this way, the “solidarity” dollar, with the surcharge of 30% for the PAIS tax and 35% for income tax, it went on to record the highest market price: $ 162.53.

“The dollar is once again an object of desire. Political conflicts and the diversity of points of view within the ruling coalition are putting the dollar, which is the thermometer of the economic scenario, at its wit’s end. The combination of highly strained public accounts, a stressed trade balance and stagnant reserves, they make all roads lead to the dollar “Remarked Di Stefano.

The Buenos Aires stock market and Argentinian stocks listed on Wall Street worked in negative territory during business on Friday, in a square focused on the new traffic restrictions announced by the government to contain the expansion of the second wave of coronavirus.

In this context, the S&P Merval fell 2.0% to 49,056 units. The biggest losses were recorded by YPF (4.9%), Bolsas y Mercados Argentinos (3.2%) and Pampa Energía (3.1%). In the opposite direction, Edenor grew by 1.3%.

Likewise, the side effects have decreased. YPF stock fell 5.1%, as well as Despegar (4.1%), Ternium (3.1%) and Banco Francés (3.1%). Conversely, Edenor grew by 2.1%, Irsa 1.9% and Tenaris 1.7%.

Regarding country risk, today the index produced by the JP Morgan has lost seven basis points (0.5%) and it was positioned at 1548 points. So far this year, the indicator has accumulated 176 basis points growth.

At the same time, the bonds issued under the debt swap were green. Overseas, there have been increases of up to 1.3% (Global 2030), while at the local level, there have been maximum increases of 1.3% (GD30).

This morning, the government announced that from this Saturday to May 21, restrictions will apply that will affect businesses and population movements. Although the measures are similar to those already in force, President Alberto Fernández has strengthened the reach of some of them throughout the national territory.

“New restrictions will put the brakes on economic recovery, affecting the profitability of Argentine companies, although investors have focused more on politics where the elections could mark a change of trend, ”Portfolio Personal Inversiones said, in dialogue with Reuters.

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