The financial dollar wakes up and rebounds strongly after three losses in a row

The financial dollar wakes up and rebounds strongly after three losses in a row

In turn, the MEP dollar -also valued with the Global 2030- bounces $2.97 (+1.1%) to $278.78, after registering its lowest value in two weeks. In this way, the gap compared to the official exchange rate is located in the 105.5%.

In the informal market, meanwhile, the blue dollar operates stable at $291, according to a survey by Ámbito en el Mercado Negro de Currencies.

Massa is working on new announcements to calm tensions, with investors awaiting the execution of commitments such as those of lower the fiscal deficit, strengthen the reserves of the Central Bank (BCRA), reduce inflation and give a greater boost to trade.

“The Massa plan has already taken its first steps in fiscal and monetary matters, such as the possible rise in tariffs and an increase in the interest rate. However, measures are still lacking in the most urgent area, which is the exchange market,” said Roberto Geretto of Fundcorp.

“Ruled out a devaluation by the Government, the expectation is that there will be some type of exchange differentiated to certain sectors -agriculture, oil, etc-. This will not be a fundamental solution, but if it is successful it will serve to gain some reserves and thus time” , he pointed.

The Government announced on Tuesday a segmented reduction in subsidies for electricity, gas and water consumption.

“A change in macroeconomic direction will need to be confirmed, as a necessary but not sufficient condition, for the market to once again look favorably on the (bond) segment and the prospects are heading towards (the presidential elections of) 2023” , said Portfolio Personal Investments.

official market

For its part, the dollar in the wholesale segment appreciates 29 cents, to $135.62, with BCRA regulation that comes from buying some US$20 million on Tuesday, with which it accumulated acquisitions for some US$40 million in the last four days of operations.

The monetary authority seeks to resume the purchase of foreign currency in the face of the weakness of its reserves and the firm commitments for energy payments.

In this context, the savings dollar or solidarity dollar-which includes 30% of the COUNTRY tax and the deductible 35% of Income Tax and Personal Assets- increases five cents to $235.03.

In turn, the tourist dollar or card -retail plus COUNTRY Tax, and a perception of 45% deductible from Income Tax and Personal Assets- goes up five cents to $249.27.

Source: Ambito

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