Facing a dollar that is strengthening globally, tensions in the political arena and a local market waiting for the new economy minister, Sergio Massa, to implement part of the measures he has taken. had promised to take office in early August, Free exchange rates resumed their upward trend.
Today, the blue dollar jumped $5 and was sold for $297 (+1.7%) in downtown Buenos Aires. Although it is still below the $300 level, it has recorded value in July, the highest price in the last ten days.
In some provinces, bills marketed informally have a higher turnover. For example, it was offered in Tierra del Fuego and Santa Cruz for $302; While in the interior of Buenos Aires, Cordoba, Salta and Santa Fe, at $300, according to infodollar,
“Politics returned to the center of the scene after the known judicial incidents yesterday, which prompted the entire ruling hardline to speak forcefully in favor of the Vice President. The opposition, taking advantage of the situation, once again showed the enormous distance that separates them from ‘Kirchnerism’. The bridges the new economy minister was trying to build were quickly mined. But in the market we saw last minute positive reaction of ‘Hard Dollar’ bonds, which would be based on certain purchase orders triggered under the assumption that a conviction of CFK could exclude him from an eventual presidential race and force him to compete for senatorship for the province of Buenos Aires . We believe that these are responses based on simplifications that do not take into account the complex current political landscape”, he opined from Delphos Investments.
MEP Dollarswhich allows Argentina to obtain the greenback legally and without trap, It appeared on the screen at $290.24. This was a daily advance of about $3 (+1%). In contrast, the dollar is counted with liquidation (CCL), Equipment used to transfer US currency from Argentina, It sold for $299. It was $1 less than Monday (-0.4%).
“We believe the market has already discounted a lot of the Rubinstein effect” [Gabriel, viceministro de Economía], noting that rumors spread about his assumption in the past two weeks. While the arrival of a more conservative official in the economy may bring some peace to the local market, the market is in ‘seeing and believing’ mode. There is little time to act: CCL Senebi’s jump from $283 to $302.5 (+$19.5 or 6.9%) in the past five days is a symptom of this fact. Speeding up the decision-making process is essential to setting the economic course and meeting expectations”, he remarked to Portfolio Persona d’Inversions.
official wholesale exchange rate, a reference in foreign trade, stood at $136.95. If the opposite of blue, The mean difference between the two was found to be over 116%; Compared to CCL, it was currently the highest price in the market at 118%.
At Banco Nacional, the retail official was offered at $143.75. If 65% taxes are added to this value—30% PAIS surcharge and 35% profit—the result of a dollar “saving” is $237.18. On the other hand, with 30% PAIS tax and 45% profit, it’s “tourist” dollars at $251.56.
On the other hand, The country risks 45 units sunk and itself 2396 . posted on basis points (-1.8%). This movement is explained by the fact that sovereign debt securities operate in positive territory, up to 3% abroad (Bonar 2035).
S&P Merval traded at 136,997 units, up 3.6% over Monday, Argentine stocks listed on the New York Stock Exchange (ADR) spent the day in the green: YPF (+8.8%), Cresud (+6.5%) and Banco Superville (+6, two%).