The Central Bank (BCRA) was not able to end the selling streak of dollars from its reserve, which has already been going on for six consecutive rounds, but at least the amount for its interventions on the market dropped to about US$18 million.
The truth is that the income from the soybean 3 dollar helped, which reached US$ 153.5 million the day before, double that of Wednesday’s session and the highest level since April 21.
Due to operations with the price of the agricultural dollar (at $300), revenues of US$ 1,927.3 million have been recorded in this third stage since April.
Faced with the low level of available reserves, from the Infobae portal they report a version of sources from a brokerage firm that “the soybean dollar could be raised from $300 to $350 and include wheat due to the lack of settlements in the sector, given that it is convenient for exporters to buy in Brazil where prices in dollars are lower”.
They calculate that to reach the figure estimated by the Ministry of Economy at the end of next May, some 5,000 million dollars, the Government needs a daily average of liquidations of more than 150 million dollars, like yesterday.
dollar closes
In the foreign exchange market, the retail dollar closed yesterday at an average of $233.72, with an increase of 84 cents compared to Wednesday.
For its part, the so-called “blue” or informal dollar fell one peso, to $468 per unit.
In the stock segment, the dollar counted with settlement (CCL) fell 0.1 percent, to $448.21; while the MEP advanced 0.2 percent, to $430.19.
In the wholesale market, the US currency ended with an increase of 50 cents compared to the previous close, at an average of $225.70.
Thus, the dollar with the 30 percent surcharge -contemplated in the COUNTRY tax-, marked an average of $303.84 per unit, and with the advance on account of the Income Tax of 35 percent on the purchase of foreign currency, at $385.64.
Meanwhile, the dollar destined for tourism abroad -and which has a rate of 45 percent- was located at $409.01, while for purchases over 300 dollars -and which has an additional tax of 25 percent- , was located at $467.44.
Red for actions
Meanwhile, the S&P Merval index fell 2.45 percent yesterday, affected by reference markets such as Wall Street that ended with negative results, in a day in which the shares of Argentine companies listed in New York fell to 5.2 percent.
In the Buenos Aires square, the losses of the actions that make up the leading panel were led by Aluar (-7.83 percent); Ternium (-6.78 percent); BYMA (-2.55 percent); BBVA Argentina (-2.33 percent); and Grupo Financiero Galicia (-2.18 percent).
The only two papers that closed with positive numbers corresponded to Cresud (6.24 percent); and Sociedad Comercial del Plata (0.29 percent)
Bonds and country risk
On Wall Street, the ADRs of Argentine companies ended the session with the majority of results in the red, among which Mercado Libre (-5.2 percent) stood out; take off (-4.2 percent); Galicia Financial Group (-3.3 percent); BBVA Argentina (-3.2 percent); and Telecom Argentina (-2.9 percent).
In the fixed income segment, dollar bonds ended practically unchanged, while CER-adjusted bonds in pesos posted increases of an average of 0.85 percent.
Within this framework, the country risk fell again, this time 1.6 percent to settle at 2,582 basis points.
