Thursday, June 1, 2023

A slight rise in the dollar and a fall in reserves The Central Bank had to sell US$ 95 million to stabilize the market

1 peso against the blue dollar rose to 390 per unitMeanwhile cash with liquidation was located at 392.16 pesosto advance 0.5 percent per day. In recent days there has been speculation about a change in the policy of the exchange, and in the authorities of the Ministry of Economy it is known that progress is being made to sell simple exchanges. Hey Central Bank This ended on Monday Sales of 95 million in the Lupali market and sold 1.554 million during the month.

The exchange rate difference was one of the policies that was confirmed in recent months to try to contain the tensions on the foreign front.

forex market

As for the market as a whole, the US currency ended this Monday with an increase of 1.64 pesos, at an average of 207.42 pesos. With the 30 percent surcharge-considered in Russia, the average marked 278.78 pesos, and with the increase due to the tax of 35 percent, at 353.84.

Meanwhile, the travel destination dollar – and which has an amount of 45 cents – was located at 375.29 pesos, while for purchases over 300 dollars, which are subject to an additional tax of 20 cents, it was located at 428.90 pesos.

In particular, the Volume that was released on the site was a segment of 284 million, in the future sector of the Electronic market operations Openim registered for 2 million and in the Rosario future market for the equivalent of 564 million.

Sources of the economy mentioned that the idea of ​​simplifying the purpose of exchange seeks “not to have 11 channels and different forms of settlement of dollars with different taxes and mechanisms”.

Shares and public securities

On the part of the goods market, the Buenos Aires stock market rose strongly, with an intraday increase of 6.6 percent. Some companies like Central Puerto rose up to 9 percent during the day. This is a significant reflection, in a month of significant volatility, due to local factors, but also due to external factors linked to the banking crisis in the United States and Europe.

As for sovereign bonds in foreign currency, they failed to recover their value and again registered losses of up to almost 3 percent. The country risk closed at 2,531 points, with a drop of 0.7 percent in the wheel and an increase of 29.3 percent in the month.

In the next rounds, the announced exchange of debt in dollars by public institutions, the trend of slave prices was downward. In March, losses piled up to 19 percent. As a result, the risk level in the country was again above 2,500 points.

Nation World News Desk
Nation World News Desk
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