Free dollars traded lower after the approval of the Bases Law and the Fiscal Package in Congress.
The blue dollar lost 40 pesos (-3.11%) this Thursday in the city of Buenos Aires. The informal currency was quoted at $1,215 for purchase and $1,245 for sale.
The bill deepened Wednesday’s decline and is in line with the good mood of the markets. In this way the weekly increase is cut to 20 pesos. The exchange gap with respect to the wholesale dollar is located at 38%, returning below 40%.
For their part, financial companies also traded lower. The MEP dollar fell $36.79 (-2.88%) to $1,242.15 while the cash with settlement adjusted about $32.88 (-2.53%) to end the day well away from $1,300 at $1,268.81.
Exchange gaps fell sharply. The CCL gap was over 40%, while the MEP was at 37.7%.
The wholesale exchange rate rose fifty cents to close at $902.00. The value of the bill in Banco Nación is $921.50 and in the average of the banks it is $940.75.
The Central Bank bought 137 million dollars in the exchange market. After a couple of weeks with meager purchases and several days with small sales.
Volume appeared in the market (US$ 365.18 million) and the monetary authority was able to obtain a significant amount. You have to go back to 189 million dollars on May 21 to see this level of foreign currency acquisition.
With the largest purchase in June, it has accumulated US$220 million in the month and US$17,466 million since December. Gross international reserves, however, advanced only nine million dollars to US$29,273 million and are awaiting approval from the IMF to receive the disbursement of 800 million that will return them to a level greater than US$30,000 million.
