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30/06/2018 –
Despite the reaction of the Central Bank which has doubled its daily supply of dollars and raised to 300 million dollars the amount of its offers, the North American currency appreciated by 3.4% at the end of the trading week, exceeding its historical high to reach $ 29.57 on average, but with rising peaks that have been raised above the $ 30 private entities of the city of Buenos Aires.
Thus, the ticket racked up nearly two pesos in the last four wheels, by dollar hedges of private investors against the end of the month, growing fears of global risk aversion and mistrust of the economic evolution of the government.
With this result, the currency shows an increase of 16.1% (4.1%) in June and 56.52% in the first half, a performance that overshadowed the attractiveness of other investments in assets. servants.
In the financial market of Santiago, the situation was similar, but reached peaks of over $ 30. In the local city, the official dollar has averaged $ 29.65, but has peaked in its price, which has led to exceeding $ 30. In one of the banks, the Columbia, the currency was offered at 30.30 dollars, but it fell to 30.20 dollars at the close of the day of the exchange rate.
Meanwhile, in the city of Buenos Aires, in a scenario of high demand, the entity that runs Luis Caputo, which passed Thursday from 100 to 150 million dollars, decided to liquidate 300 million additional dollars to increase the supply of dollars. on the square. This operation – the total available at a discounted price of $ 28.96 was placed – deflated pressure on the exchange rate, which in any case exceeded the historical maximum.
Until yesterday, the previous mark had been on June 15, the first day of Caputo at the head of the BCRA. That day, the US currency reached $ 28.85, while the wholesaler closed at $ 28.35.
Pantyhose: "It's unclear what will be the final adjustment"
The economist Amílcar Collante, of the Southern Studies Center, said that "with this new rise in the dollar , which brings it closer to 30 dollars, it is clear that the strategy of the auctions with funds of the IMF does not work ".
"We have – more than two months of turbulence – At some point there was a little calm, but this motto has not yet closed The adjustment variable up to the closing of the external accounts is the exchange rate and for the moment the peso mistrust is always present. "
He stressed that" it is true that the international context does not help but this phenomenon is clearly local, in fact the dollar depreciates and we continue to appreciate the same thing ". He pointed out that "the initial race has not finished closing and we still do not know what will be the final adjustment." It must be remembered that the season also acts since in June it usually has a great demand for dollars for the payment of bonuses and tourism. add the rumors of a dollar of tourists. "
He added that" the dollar shortage is clear and the government is worried because the IMF is asking you to adjust the exchange rate. "
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