Dollar today: how much it closed this Tuesday, March 8

Dollar today: how much it closed this Tuesday, March 8

The Central Bank (BCRA) bought US$60 million, with which so far in March it accumulates a balance of more than US$450 millionto the best result for this concept in the last four months, a fact that may encourage expectations of an incipient recovery of reserves in a scenario of less tension, in the midst of the legislative debate of the agreement with the International Monetary Fund.

In this way, the positive annual balance for more than US$120 million in the year.

From the market, they point out that this positive balance on the part of the BCRA occurs in a context that may be under the influence of different situations: they liquidate due to a price increase, fear of an increase in withholdings, a context of greater calm in relation to the presentation of the agreement with the IMF in Congress. In addition, they indicated that another additional factor could be the recent rate hike.

It should be remembered that the monetary authority accumulated a negative balance of some US$190 million in February. It was the fourth month in a row with a negative result.

Savings or solidarity dollar

The savings dollar or solidarity dollar -retail plus tax- rose 20 cents to $188.20 on average.

wholesale dollar

The wholesale dollar, which is directly regulated by the BCRA, rose 12 cents to $108.58. During the trading session, prices returned to settle within the range established by the monetary authority from the beginning of the day and remained unchanged until the end of the session.

Dollar CCL

The dollar “counted with liquid” (CCL) -operated with the Global 2030 bond- it falls 1% to $198.01, bringing the gap with the officer to 82.4%.

While, the MEP dollar -also valued with the Global 2030 bond- fell 1.5% to $195.72, leaving a spread of 78.9%.

MEP dollar

While, the MEP dollar -also valued with the Global 2030 bond- fell 1.5% to $195.72, leaving a spread of 78.9%.

The blue dollar rose for the first time in five days this Tuesday, March 8, 2022according to a survey carried out by Ámbito in the Foreign Exchange Black Market.

After falling $10 in the short last week, in what was its biggest weekly drop in more than 15 months, and reaching close to $200 at the beginning of this week, the parallel dollar climbed $1 on this wheel to finish at $202. This way, the gap with the official amounted to 86.1%.

The uncertainty prior to the announcement of an understanding between Argentina and the IMF over the debt had caused the blue dollar to skyrocket, reaching $223.50 on Thursday, January 27, its nominal historical maximum so far. Since then, he accumulates a low $23.

More news about the Blue Dollar and the Dollar

Neither the Government nor the IMF: on whom will the next value of the blue dollar depend?

How much will the dollar reach in 2022, according to Argentine businessmen

Notes on the peso market: CER or Dollar Link?

Source: Ambito

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