The financial dollar is overheated: it recorded the highest weekly rise since July and exceeded $ 300

In turn, the USD MEP – Resident with Global 2030- It rose $4.53 (+1.6%) to $294.19, the highest value since July. Thus, the diffusion arrives with the adjuster 105%.

Both prices posted weekly increases of $20.27 (+7.2%) and $24.63 (+9.1%), respectively.what represents The most significant increase in this period since the end of July.

On the other hand, in the informal market, blue dollar It bounced $1 and closed at $276according to Field survey On the black market for coins. Meanwhile, the gap has arrived with the official dollar 93%. During the week, the parallel dollar registered a gain of $3 (+1.1%).

Among the reasons that led to the sharp jump in financial exchange rates, is the deterioration of conditions in the external context, under pressure from expectations of a sharper rise in US interest rates than what has been seen so far, at the same time in light of the financial crisis. The latest data from the world’s largest economy.

“Although worse-than-expected CPI data for Argentina could have revived the demand for foreign exchange, I understand that the acceleration of the economy, electricity and liquidity account program responds primarily to global phenomena,” Commented on Domain Juan Pablo Burnoz, economic analyst at Inveqc.

US inflation showed higher data in August than expected (8.3% vs. 8.1% yoy). In contrast, core inflation, which excludes fresh food and energy, rose 0.6% monthly and 6.3% annually, indicating an acceleration compared to the July figures. “This perception highlights that taming the inflationary process is more difficult than previously thought,” Al-bornoz said.

Another factor that partially explains the strong rebound of CCL and MEP is the increase in potential demand resulting from a measure of the soybean dollar, Market count.

“The strong increase in demand for CCL and MEP could be related to the settlements that agriculture is making through the soybean dollar, but also because the market sees that in the near future there is a significant amount of pesos in the market derived from the issuance of this measure could lead to The complexity of the financial deficit jigsaw”, Economist Federico Glosten commented on this method.

The Central Bank (BCRA) closed the round on Thursday with Purchases of 300 million USD, what you have accumulated Eighth day in a row increase reserves. The BCRA continued the path that began two days ago, after the Ministry of Economy announced the official implementation of the exchange rate of 200 pesos per dollar for soybean exports until September 30.

This measure was agreed upon with the major export complexes, which undertook to liquidate soybeans and its derivatives in the amount of at least 5,000 million US dollars. Today’s dollar traded volume in the soybean sector is more than $455 million, according to Gustavo Quintana, analyst at PR Corridors de Cambio. Market sources estimated that since the beginning of the month, the monetary authority has already earned about $ 2 billion.

in this context, On Thursday, the BCRA Board of Directors approved a nominal interest rate of 75% (from 69.5% previously) representing an effective 107%.To ease pressure on the dollar and balance the new exchange rate in favor of soybean producers.

In addition, after the market closed, the central bank ruled that users who requested benefits in public service rates will not be able to purchase savings dollars, MEP and CCL. “The BCRA Board has determined that users of grid natural gas, electricity and potable water supplies, while receiving subsidies in some or all of these services, may not be able to access the formal market or carry out address and other foreign-currency-settled securitiesThe Monetary Authority said in a press release.

official dollar

The dollar today – no tax- 19 cents increase to $150.18 on saleaccording to the average shown from the banks of the local financial system. Meanwhile, at Banco Nación, the retail invoice closed unchanged at $149.

In addition, the dollar was saved Or Solidarity Dollars– which comprises 30% of COUNTRY TAX and 35% off discount from Income tax Based on Private property– Earn 30 cents at $247.78.

In return, the tourist dollar or retail card plus country tax, and the perception of 45% to deduct from Income tax Based on Private property– rose 31 cents to USD 262.80.

Finally, the wholesale dollar, which is directly regulated by the BCRA, rose 32 cents to $143.52 on Friday.