He Dolar blue It’s still heating up on Tuesday, after the government formalized new measures to limit access to financial exchanges during the holiday season.
Since the opening of the parallel market, the bill has been in demand and prices have jumped: on Friday, after the “super rate hike” by the Central Bank and after the strong intervention on the bond market, the price of the informal had managed to drop to $469.
THE exchange rate uncertainty remains high and the equity adjustments communicated to the market over the long weekend put pressure on the “free” dollar, the only segment of the market that has no state “intervention”.. Thus, from the start of the wheel this Tuesday the blue jumps back into position and before noon hits $478, an increase of $9.
This Tuesday the RG959 of the National Securities Commission was formalized in the Official Gazette, which puts two new obstacles to the operations of the big players who buy dollars through the Stock Exchange.
To measure aims to reduce the decline in reserves and limit “curls” in the financial market. On the one hand, it establishes that those who are in their power bonds or passes (two very short-term instruments) cannot carry out bond purchase and sale transactions from which cash dollars with settlement and MEP emerge.
On the other hand, it forces large stock exchange companies to negotiate the exchange rate “off screens” and to overturn a parallel wheel, called Senebi (Bilateral Negotiation Segment). Yet, the contacted with “on screen” settlement is trading higher on Tuesday and is positioned above $460.
Delphos analysts anticipated that with these measures “the PPT market (the one seen on screens) would lose depth with the planned measures, which in turn would generate divergences in the prices of financial dollars according to the different markets and species”.
This mechanism had occurred after the currency crisis of 2021 when, under the direction of Martín Guzmán, the NVC had taken a similar step.
The provision was in force until agreement with the Fund signed in the middle of last year. With this “return” to stocks, Massa would then counter the IMF on another point.
Source: Clarin
