He The Cashed Out Liquidation (CCL) dollar has once again shown signs of having no ceiling in sight and it appears that its next station will inevitably be the dollar paper. The CCL increased by 50% in just over three weeks and this Friday January 19th it closed above $1,300 for the first time. Meanwhile, the Even the MEP dollar he kept his bullish streak and overtook the Italian, who recorded her first defeat on six wheels. In fact, the currency gap is already at levels that are starting to worry: almost 60%.
Los advances on financial exchange rates They occurred after the disappointing fourth race of the importer bonus (BOPREAL), although they had already shown strong upward pressure during the rest of the week and the start of 2024, given negative real rates, a limited anchor system (controlled increase in the official exchange rate) by only 2% and a growing decline in the demand for money. To these factors is added a Complicated start for international markets, given the increase in the rate of US Treasury securities.
In this framework, the Dollar CCL During the day it increased by $24.96 (+2%) reaching $1,306.16, a nominal high at the close. In this way, the split of this exchange rate with the official was in the 59.4%. Meanwhile, the The MEP dollar advanced by 24.13 dollars (+2%), to 1,251.67 dollars. So, the diffusion with the official change it was positioned in 52.7%.
In the weekly budget, the CCL Pass $168.96 (+14.9%), although from its low of December 27th ($870) it has already accumulated a 50% advance, rising more than $435.
For his part, the MEPs in the last seven days increased by 155.28 dollars (+14.2%) Yes from the lowest value of the last three weeks it has already increased by $319.08 (+34.2%).
When we evaluate CCL levels, we note that the recent run has been more acute only in very specific situations: November 2021, when the then Minister of Economy, Martin Guzman threatened to forget the fiscal commitments made in debt restructuring; in July 2022, the post-peso debt collapse that left the Ministry of Economy virtually vacant for a month: and ahead of the 2023 presidential election. The current level is 6% higher than at the worst point of exit from convertibility, estimate from the consultation
Among the factors that put the CCL dollar under pressure during the day was the bond created by the Government to try to address the debt problem with importers, given that This week he returned to the path of disappointment. The Central Bank (BCRA) barely managed to place $340 million, and the total demand for Series 1 does not even reach a third of the expected quota for the entire month. The monetary authority placed 1,644 million dollars of this instrument, A figure representing 32.87% of the 5,000 million dollars set as a quota.
“Following the BOPREAL Series I allocation below the previous week’s level, the round began with the taker CCL closing at $1,300 levels, above the implied BOPREAL CCL trading today at US$64.75“, they described by MegaQM.
Economist Gustavo Ber believed that “Despite parliamentary negotiations, the gap remains sustained and this is how the recent realignment goes hand in hand with greater dollarisation, as it continues to be challenged by very negative real rates, a slow creeping peg of just 2% and from an impending “dip” in the demand for money, so improving expectations is critical as a bridge to the harvest.”
“The export dollar combining the 80% official (market) settlement and the 20% ‘CCL’, from which the 15% withholding tax is deducted, is $771. The import dollar, which is the official plus the ‘COUNTRY’ tax of 17.5%, to which a cataract of taxes is added, comes to 1,250 dollars. The gap is high”summarized the analyst Salvador Di Stefano.
For the trader Esteban Montewho had predicted this strong rebound of the dollar on the stock market, “The CCL could approach or calmly accompany the paper dollar, which today stands at $1,342.80.” “The latter would be the most logical” he observed to Ámbito.
On the futures market, however, a volatile wheel occurred, in which the dollar began to rise for most of the day, but closed with a decline starting in March and a slight increase in February. “If crawling is kept at 2%, there is still room to go lower in the first contract (February 2024). The question is to see how the rate evolves from February to March. For now, the price is an acceleration of crawling picket No incorporates discrete adjustments”, powered by MegaQM.
“Today the market is practically pricing in the creeping peg remaining until the end of February,” said Javier Casabal, fixed income strategist at Adcap Grupo Financiero. “Initially, this 118% exchange rate increase (54% devaluation with the hiring of Milei) allowed the Central Bank to generate the largest positive streak since August-October 2023 and purchase almost 5,000 million dollars “, he noted.
As for the factors that can stop the upward inertia of the CCL dollar, Consultatio has listed at least three: improve the conditions of BOPREAL; increase interest rates and; clarify the uncertainty about how the exit from stock/exchange unification is expected.
What was the official price of the dollar today, Friday January 19th
He wholesale dollar was negotiated $819.70 per unit, that is 50 cents more closing on Thursday.
Central Bank acquired 116 million dollars in the single market and free trade (MULC). As, During the week, the monetary authority totaled purchases of $794 million and has accumulated $2,230 so far in January million, said market analyst Gustavo Quintana.
At what price did the blue dollar close today, Friday January 19th
He Blue dollar gave up $20 and closed at $1,170 for the acquire Already $1,220 for the saleaccording to a survey by Scope in the caves of the City.
Card price in dollars today, Friday January 19th
He dollar paper or touristand the dollar savings (or support) closed at $1,342.8080 cents above the previous day’s close.
Crypto-dollar price today, Friday 19 January
He crypto dollar Dollar Bitcoin work A $1,271.99second First name.
2024-01-20 00:17:16
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