On the other hand the MEP dollar rose $1.49 (+0.5%) to $330.70, marking a spread with the official 85.4%.
In the parallel market, for its part, the blue dollar it shot up $8 to $354, recovering almost everything it had lost between Thursday and Friday of last week (-$11). A) Yes, the gap with the official reached 98.5%.
“Financial dollars continue to go through a stage of greater respite, amid interventions that point to it, but even so, operators continue to anticipate an upcoming resumption of the upward readjustment since said references continue to be behind schedule and dollarization usually pushes the bottom for a year electoral”, commented a market operator.
in the day, the Central Bank (BCRA) ended with a favorable balance of about 3 million dollars, after accumulating 1,987 million in December and accounting for 5,824 million dollars in 2022.
In relation to the strong rise of the blue dollar, alfredo romanodirector of the Romano Group economy consultancy, listed a multiplicity of variables that are putting pressure on the bill in the parallel market: the supply drain due to the possibility of selling foreigners to MEP dollars; “overflow” issuance of pesos in December that totaled $1.3 trillion; drop in demand for the peso that has been going on for 12 months and is accentuated after the end of the year; the impeachment request to the Supreme Court and the government’s conflict with the opposition that limits potential agreements to face enormous economic challenges such as the Treasury debt in pesos; the delay in real terms of the blue against inflation; and the drought that strongly limits the income of foreign currency in the next 4 months and the projections are negative with estimated losses of US$10 billion.
Given this panorama, the economist remarked that it is observed, in any case, “a strong intervention in the blue, such as financial dollars to reduce inflationary expectations for the coming months, through the sale of GD30 public securities. However, this is a short blanket due to the limitations that may come soon from the Fund if are accentuated over time.
Price of the dollar in the world and the region, Tuesday, January 3, 2023
The greenback rose on Tuesday ahead of the Federal Reserve’s release of its December meeting minutes on Wednesday, while the euro was hit by moderating inflation data.
The US central bank slowed its pace of interest rate hikes to 50 basis points last month, after four consecutive increases of 75 basis points, but stressed the need to keep rates in restrictive territory to reduce inflation. Investors will be watching signs that the Federal Reserve is concerned about the persistence of inflation and its opinion about the labor market.
The US currency rose around 0.9% against a basket of six currencies that make up the dollar index.
In the region, the Brazilian real depreciated a strong 1.7% to 5.4564 units per dollar. Brazil’s Finance Minister Fernando Haddad said he would like to discuss with Congress the tax reform and the country’s new fiscal framework starting in April.
While, The Mexican peso was quoted near the close at 19.3861 units per dollar, with an increase of 0.4%, amid increased investor confidence in risky assets that helped some currencies in the region and despite the rise in the dollar index.
The Chilean peso yielded slight first-hour gains and closed the session down 0.93%, at 857.80/858.10 per dollar. The Chilean economy fell 2.5% year-on-year in November amid the decline in trade and the manufacturing industry, the Central Bank reported on Tuesday.
The Colombian peso changed trend and ended the session with a fall of 1.03% to 4,900 units per dollar, while the Peruvian currency, the sol, depreciated 0.34% to 3.818/3.82 units per dollar.
Qatar dollar price, Tuesday, January 3, 2023
The new qatar dollar -which includes 30% of the COUNTRY tax, 45% deductible from Income Tax and Personal Property TaxY a new perception of 25% on account of Personal Assets- $1.20 appreciated and closed at $371.92.
This exchange rate applies to Consumption abroad with debit and credit cards over US$300 per month.
Price of the tourist dollar or card dollar, Tuesday, January 3, 2023
The tourist dollar or card -retailer plus COUNTRY Tax, and a perception of 45% deductible from Income Tax and Personal Property Tax for consumption with cards abroad of up to US$300 per month- it became $1.05 more expensive and was sold at $325.43.
Savings dollar price, Tuesday, January 3, 2023
The dollar savings or solidarity dollar-which includes 30% of the tax COUNTRY and 35% deductible from Income Tax and Personal Assets- it rose 99 cents and ended at $306.83.
Price of the wholesale dollar, Tuesday, January 3, 2023
The wholesale dollar, that directly regulates the BCRA, it appreciated 35 cents and ended at $178.50. The correction of the wholesale exchange rate compensated, as at the beginning of the week, the days without activity due to the weekend.
Price of the crypto dollar, Tuesday, January 3, 2023
The Crypto dollar or Bitcoin dollar yields 0.7% up to $333, based on the average among local exchanges reported by Coinmonitor.
Source: Ambito
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