The blue dollar has been deflating since Tuesday’s peak of $212.5, and it is now down another $5, from the 204 that closed on Thursday to the $ 199 that it is listed after noon in the caves.
On Tuesday, the informal touched $ 212.5, up 17 pesos in only six wheels. On Wednesday, it reversed course and returned, however analysts believe there is still space for growth.
With the current price, the gap between the wholesale dollar, which opened today at $ 115,32, has narrowed to 73.5 percent, after reaching 85 percent on Tuesday.
The parallel ticket had risen dramatically all at once, and now the companies must sell in order to pay the May income tax and the joint round.
Still, it’s a far way from the year’s high, which was attained on January 27th, when it hit $223 amid concern about whether the Monetary Fund agreement would be finalized.
The alternative dollars – both the blue and the ones counted with liqui and the MEP – were deflating as hints of an agreement appeared. On April 12, the informal reached a new low of $195. It continued its ascent after a week of calm.
The MEP, a stock traded on the Buenos Aires Stock Exchange, is down 1% to $ 202,79. While cash with liquidity yields 1% to $ 203,36, the operation to take foreign currency overseas yields 1% to $ 203,36.
The country risk level has remained unchanged at 1778 basis points.
After a robust gain that began last week and lasted until Tuesday, the alternative currencies have been down for three days.
Despite this respite, many believe the market’s volatility is far from over. The foreign exchange market is under pressure due to increased government spending, rising inflation, and the depreciation of regional currencies.
In the face of tightening Federal Reserve regulations, mutual funds are looking to depart emerging countries in search of safer investments. At the local level, funds seek cash with liquid to exit, pushing up the price and indicating a positive trend for the blue.
The Central Bank’s inability to add reserves has an impact on the market. He completed his interventions on Thursday with a neutral outcome. He barely amassed purchases for $164 million just one round before the end of the month, compared to US$ 1,370 million in the same month last year.