For the first time in eleven days, the blue dollar exceeds $1,100. The informal sector is threading its third consecutive rise, increasing 10 pesos this Friday and reaching $ 1.105.
Thus, it reaches the highest price since December 2 and increases the exchange rate gap, which dropped to 1.5% and now stretches to 6% with respect to the retail dollar, today $ 1.040.
The upward trend is also beginning to see financial dollars, which until Wednesday were falling. Today cash with liquid rises 1.4%, $ 1.082the highest level in a week. For its part, the MEP rearranges 0.6% and advances $ 1.064,5.
The rise in alternative dollars is a consequence of the decision of the Central Bank of lowers the reference rate from 32% to 35%, which reduces the performance of placements in pesos. With this, bank fixed terms yield around 2% per month and lose against inflation.
Thus, the strategy of switching to pesos to set rates and take advantage of the stability of the dollar begins to deflate and This takes away the advantages of the carry trade that had been reigning in the financial sector since the middle of the year.
Argentine bonds rise this day, which allows the country risk, which measures the excess cost of Argentine debt, to drop to 710 basis points the third consecutive decline and the lowest level in the Javier Milei era.