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Tuesday, March 21, 2023

The financial dollar fell almost $4 and ended a streak of six consecutive gains

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In that context, the dollar CCL-operated with the Global 2030 bond- cuts a streak of six rises in a row, yield 38 cents (-0.1%) and settles at $395.12. Thus, the spread with the wholesale exchange rate reaches 95.5%. During Monday he played a new nominal intraday record by rising to $400.41.

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While, the MEP dollar-operated with the Global 2030 bond- down $1.75 (-0.5%) to $377.76. Consequently, the spread with the official reaches 87%.

Business was rearranged by studying what the intrigue over the collapse of the Silicon Valley Bank (SVC) of the United States and the role that the Federal Reserve (Fed) will assume in terms of interest rates implies for the world financial system.

“In this convulsed context, the Fed is expected to annul the rate hike at the next meeting on March 22, at least until this situation is resolved. Likewise, the agency focuses all efforts on avoiding a ‘contagion effect'”, commented Fernando Staropoli, account executive at Rava Bursátil.

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“To the lack of dollars in the Central Bank (BCRA), the drought (historical agricultural) and the electoral year (presidential in the second semester) was added the discontent of the global markets that look with concern at the fall of some banks in the United States “he added.

The INDEC will later report the data on retail prices for last month, which according to the criteria of specialists in a Reuters poll will be around 6.2% and the interannual measurement will exceed 100% for the first time since October 1991, in another blow. for the pocket of the inhabitants.

The technical staff of the International Monetary Fund (IMF) approved the fourth revision of the credit program for 44,000 million dollars that it maintains with the Argentine Government, which will give the country a breather in the midst of severe financial difficulties with a disbursement of 5,300 million dollars .

The country risk of the JP.Morgan bank fell 17 units, to 2,306 basic points.

“There is a lot of instability with the bonds, because the price parities are cheap, but the implicit risk is very great despite the recent exchange and eventually the benefits to the emerging (countries) if the Fed stops the rate hike,” explained a bank agent.

The Central Bank (BCRA) It accumulates sales for about US$450 million in the month to the detriment of its reserves, after ending this Tuesday with a negative balance of US$145 million.

One of the points under discussion between the Argentine authorities and those of the IMF is the easing of the BCRA’s international reserve targets, finally accepted due to the blow caused by the drought for the country’s harvest.

“A modification of the net international reserve accumulation target for 2023 is requested. This will partially accommodate the increasingly severe impact of the drought,” according to the IMF statement.

A source linked to the Government said that the management of Economy Minister Sergio Massa will have the endorsement to make the reserve issue more flexible, but strict control over public spending and the commitment to reduce subsidies in public services are maintained.

Qatar dollar price, Tuesday March 14

He qatar dollar -which includes 30% of the COUNTRY tax, 45% deductible from Income Tax and Personal Property Taxand a new perception of 25% on account of Personal Assets- climbs 96 cents and operates at $418.72.

This exchange rate applies to consumption abroad with debit and credit cards over $300 per month.

Price of the tourist dollar or card dollar, Tuesday, March 14

The tourist dollar or retail card plus 30% of the COUNTRY Tax, and a perception of 45% deductible from the Income Tax and of Personal property for consumption with cards abroad up to $300 per month- earns 84 cents and is offered to $366.38.

Savings dollar price, Tuesday, March 14

The dollar savings or solidarity dollar -which includes 30% of the tax COUNTRY and 35% deductible from Income Tax Earnings and Personal Property– raises 79 cents and trades at $345.44.

Price of the wholesale dollar, Tuesday, March 14

The wholesale dollar, that directly regulates the BCRA, It advances 39 cents to $202.25.

Price of the blue dollar, Tuesday March 14

He blue dollar trades stable at $377 for saleaccording to a survey of Ambit in caves of the city of Buenos Aires.

Price of the crypto dollar, Tuesday, March 14

He Crypto dollar or Bitcoin dollar rises 0.3% to $375.75, based on the average among local exchanges reported by Coinmonitor.

More notes on Dollar and Dollar blue

Source: Ambito

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