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The Central Bank intervened very early and decisively. burst another $ 367 million in seven offers. The holder of the monetary authority, Guido Sandleris, also launched a new measure that pushes exporters to sell currencies. However, none of this has helped contain a new dollar blow.
The increase in retail sales was in line with the single and foreign exchange market (MULC), where the US dollar rose 3.2% or 1.80 pesos to $ 58.10.
"In this delicate scenario, where the the demand for coverage remains very firm, monitoring the evolution of net reserves is increasing, because it is crucial to curb its deterioration in order to avoid a resurgence of financial turbulence, "said the economist Gustavo Ber, responsible for the studio Ber.
The Dollar Still Operating in the Virtual Band Created by the New Minister of Finance Hernán Lacunza for whom the Central Bank will aim to maintain the exchange rate in a virtual band of 57 to 62 pesos.
The central bank on Wednesday limited the peso financing to major exporters, in order to provide liquidity to the currency market in the middle of a crisis.
In addition, Delphos Investment noted that "The probability of default is soaring after STEP (primary elections). Market doubt would be the type of restructuring that could take place, "they said.
In this sense, they affirmed that "at first sight, we consider three possible processes likely: a" reperfilation "under the IMF wing, a restructuring, a friendly or non-tariffed strategy. fundamental to a possible restructuring for an investor would be the duration of this process and the financial relief necessary for the payment of the debt to be viable ".
As daily reference rate of Leliq (liquidity letters) it was 74.983%after an absorption of 200 413 million pesos after two calls for tenders.
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