Despite the fact that today it fell for the first time in seven wheels, the settlement dollar accumulated in the week a rise of $ 2.51 (1.7%) to $ 148.80, as the gap with the official was at 71.9%; While the MEP rose 49 cents (0.3%) in the past five days to $ 145.88 (-8 cents on Friday) and the gap remained at 68.5%.
Analyst Gustavo Beer said: “Financial dollars also continue to gradually revert to the upside, apart from the fact that their rhythm continues to be weakened by interventions that seek to keep the ‘gaps’ stable.
It should be noted that on Tuesday, the National Securities Commission (CNV) conducted face-to-face inspections and controls over the process and the manner of managing the matter, based on possible violations of the provisions of General Resolution 878/2021 published on January 11. ..
Remember, last week, CNV decided to reduce turnover from two days to one business day for legal persons and humans who buy an asset in pesos and then sell it with a MEP settlement, and / or carry out a transfer receipt and then sell the negotiable security with a settlement in that same dollar.
As for the dollar, CCL, it imposed a limit on net short positions at 100,000 nominal weekly.
The official dollar
he is The “solidarity” dollar, which includes a 30% state tax and a 35% advance on account of profits, rose $ 1.42 Friday to $ 151.80, as the retailer advanced 59 cents to $ 92.According to the average number of banks reported by BBK. Meanwhile, at Banco Nación, the retail ticket was valued – without tax – $ 91.75. On this wheel, it rose thirteen and nine cents, respectively.
The wholesale currency rose 83 cents to $ 86.57 a week, after rising 14 cents in the last round, under the watch of the central bank.Which recorded a more significant correction than the previous week.
From a BCRA perspective, Sales made this week “don’t mean a change at all”. This is known to be a time of low seasonal liquidation, so in February it is estimated that sales will be more than purchases.
Nevertheless, in the entity headed by Miguel Pesque, expectations are being maintained that during 2021 it will be possible to accumulate reserves.
“So far this month, compared to previous months, there is a greater liquidation of grains that is giving air to BBC to continue buying foreign currencies and restoring reserves. But demand for dollars is gradually returning, after December as demand for pesos is higher due to seasonality,” commented from Portfolio Personal Inversiones .
According to analyst Gustavo Quintana, “official activity remained intense in the wholesale dollar sector, but with a negative result that overshadowed what has been achieved since the beginning of the year.” The higher authorized demand had no match on the real supply side, as it demanded formal interventions that led to a new series of net losses in the week, without changing the positive balance that was appearing in the month at the present time“.
On Thursday, in line with the BCRA purchases, total international reserves rose $ 15 million to $ 39,758 million.
he is The blue dollar closed flat at $ 156 on Friday for the third day in a row, although it suffered in the weekly accumulated a drop of $ 3, According to a Scope survey of the Buenos Aires city caves.
It was the third consecutive weekly decline, after it lost $ 5 and $ 2 in its first two weeks of the year.
In this way, the gap between the informal ticket and the wholesale official was 80.2%, the lowest in a month, after reaching 97% at the end of 2020.
Overall, blue has accumulated a $ 10 decline so far in 2021, after closing last year at $ 166.
The unofficial rate appears to have found a temporary cap of $ 169 on the first business day of the month. From that midday level reached, the show re-emerged (driven by mash) and cut the parallel offering to under $ 160.
Having reached a peak of $ 195 at the end of October 2020, the blue started on a downward path that took the price up to $ 146 on December 10. From there, as a result of renewed dollar demand from the private sector as a hedge before the end of the year, the uptrend has resumed. As a result of this behavior, in December it showed an increase of $ 11 (7.1%).