He «Cash with Liquidation» (CCL) falls this Friday, October 27 and has already accumulated a drop of more than 20% in five days, which led it to hit three-week lows. This dynamic occurs after the Minister of Economy and presidential candidate, Sergio Massa, announced last Monday a new dollar for exports, which provides for a 30% settlement mechanism through that exchange market.
Likewise, exchange rate hedging strategies were moderated, given investor perceptions that a dollarization scenario is increasingly less feasible, due to economic conditions, but also because there are few possibilities of political endorsements for its implementation.
In that context, The CCL dollar drops $18.64 (-2.3%) to $854.14. Meanwhile, the gap with the officer loosened the 144%.
For his part, the MEP dollar rises $8.20 (-0.96%) until the $863.68 after registering on Tuesday his biggest daily drop in 15 months (-6.2%). He spread with the officer he stood around the 147%.
Meanwhile, the Dolar blue descended $20 (-2%) and punched the $1,000. Quote in $980, according to a survey of Ambit in the caves of the City.
The reasons that drag financials down
As stated, financial exchange rates are being pressured downward by a greater flow of export dollars after the application of a new incentive to encourage liquidations in the sector and shore up the BCRA’s battered reserves.
Operators said that The BCRA also maintained a firm intervention with bonds to stop the recent strong devaluation of the peso, which was not only proven in the alternative exchange round but also in the firm improvement of the currency in the future contracts circuit.
In this framework, the markets continue to rearrange themselves after the official candidate won the general elections ahead of the next presidential runoff, when the largest political opposition, Together for Change, is divided into support or abstentions.
Looking ahead to the November runoff, Bullrich announced his personal support for candidate Milei» and «The support of the former candidate generated internal tension in (the) ‘Together for Change’ front»a situation that is perceived in the market, they said from Cohen.
How much is the dollar trading at today, Friday, October 27
He wholesale dollar quotes $350.10, value that the BCRA seeks to sustain until mid-November.
For his part, the dollar savings It remains in $735.44.
Price of the tourist dollar today, Friday, October 27
He tourist dollar or cardand savings (or solidarity) dollar -which include 30% of the COUNTRY TAX + 45% of the Perception of Profits + 25% of Gross Income– quotes in the $735.44.
Crypto dollar quote today, Friday, October 27
The crypto dollar or Bitcoin dollar operates in the $918.8according to the average among local exchanges reported by Coinmonitor.