The dollar is still placated by official sales

The dollar closed the market week with an average advance of 1%, being offered at an average of 59.08 and $ 56.67 for retail and wholesale sales, according to the usual price survey carried out by the Central Bank (BCRA).

It is a limited landslide that seeks to strengthen the idea of ​​an anchored exchange rate, something so far only sustainable by the incursions that the BCRA or public banks make on the market every day, to "mark the price" and supply the insufficient private offer
That low contribution, at times that govern the regulations that set strict deadlines for exporters to liquidate, was noticed yesterday when negotiating in the spot of about US $ 348 million, 10.4% higher than the previous wheel, but still inferior to the forecasts that were on its potential sales.

This led the Minister of Finance, Hernán Lacunza, and the president of the BCRA, Guido Sandleris, to have meetings with large exporting companies the day before yesterday to request a greater contribution.

Management points to the BCRA and public banks stop sacrificing holdings to tame the dollar. The latest official data shows that, only between Monday and Tuesday of this week, the BCRA sold US $ 178 million of the reserves for that purpose. The rest of the days that task fell to the National Bank, whose sales presence was detected again yesterday in the market.
"The wheel showed the public bank again with cash sales to supply purchase orders without genuine counterparts," explained operator Gustavo Quintana, of PR Cambios.
The wheel also left rebounds in dollar prices that arise from stock trading, which is expected to be under greater pressure since Monday for the payment of a debt bond in pesos that is mostly held by foreign funds. And another decrease in the reference rate of the economy, which closed at 82.24% per year and fell 190 points in the week.