Financial dollars consolidated above $1,200 and the gap exceeded 40% for the first time since February

Financial dollars consolidated above $1,200 and the gap exceeded 40% for the first time since February
Financial dollars consolidated above $1,200 and the gap exceeded 40% for the first time since February

Financial dollars registered their seventh consecutive rise and consolidated above $1,200 this Wednesday, May 22, fundamentally driven by the constant lowering of rates implemented by the Central Bank (BCRA). The gap with the official exceeded 40% for the first time since the beginning of February.

He CCL dollar increased $60.93 (+5.1%) to $1,256.39, so the spread with the official rose to 41.3%. For his part, the MEP dollar rose $60.32 (+4%) to $1,230.60. Thus, the gap is 38.4%.

It was about the seventh consecutive rise of stock exchange rates. In both cases, prices rose more than $150 since Monday and reached their highest values ​​since the beginning of February.

The increases in financials occurred at the same time as the acceleration in the Dolar blue that, according to a survey of Ambit in the caves of the City, jumped $155 in the first three days of the week, the highest jump so far in 2024.

Nicolás Capella, from Investing in the Stock Market (IEB), maintained that this reaction of the financiers is due to a “mix of disarmament of carry due to the lowering of rates + delay of the law bases in the Legislative Branch + little supply of dollars from the countryside.” Even so, He clarified that at the end of the day a greater demand for Lecaps composed of Common Investment Funds (FCI) was perceived, which could be an indication of a stop in the disarmament of the carry and a ceiling on the rise of the exchange rate.

For his part, the economist Scalabrini Ortiz Study Center (CESO), Federico Zirulnik, highlighted the liquidation of exports as one of the most influential factors in the recent behavior of the CCL. “What had been sustaining the stability of the financiers were the dollars that came in through the ‘blend’. Now the liquidation of the coarse harvest should start but for now the dollars are not appearing,” he explained.

Along these lines, he stated that An improvement in the inflow of dollars from foreign sales will help stop this mini run although it does not guarantee that it will reach. However, he warned about the presence of contradictions for exporters since “there is a vicious circle; if they liquidate more, there is more supply in the ccl and the price drops, which is exactly the opposite of what they want”.

Meanwhile, the chief economist of Analytics, Claudio Capraruloexpressed that his consulting firm had already warned about a possible overheating of the blue dollar and financial ones given the delay that the contributions had been showing in the face of inflation. Still, she estimated that the increase may find a ceiling in the recession. “The sharp contraction suffered by sales and salaries acts as an anchor since it removes available liquidity to go towards the dollar,” he said.

How much is the official dollar trading at today, Wednesday, May 22

In the official exchange market, the wholesale dollar rose 50 cents to $889.50.

How much is the blue dollar sold for today, Wednesday, May 22

The blue dollar climbed to $1,275 for sale, according to a survey of Ambit in the caves of the city.

How much is the future dollar sold for today, Wednesday, May 22

In future dollar contracts, for June rose 0.1% to $928. For August rose 0.8% to $1,004 and to November rose 1.4% to $1,136.50. And towards the end of the year, the contract marks $1,179 after rising 1.2%

How much is the MEP dollar trading at today, Wednesday, May 22

He MEP dollar goes up 4.9% to $1,228.14 and the spread with the official it is positioned at 38.1%.

Value of the CCL dollar today, Wednesday, May 22

He dollar Cash with Settlement (CCL) advances to $1,253.48, so the gap with the official is located in 40.9%.

Price of the dollar card today, Wednesday, May 22

He dollar card or touristand the dollar savings (either solidary) was located in $1,453.60.

Quote of the crypto dollar today, Wednesday, May 22

He crypto dollar or Bitcoin dollar operates at $1,246according to Bitso.

 
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