The MEP dollarthe exchange rate that arises from the purchase and sale of bonds in the Stock Market, rose for the second week in a row and narrowed the gap with the blue – it registered its biggest decline since February – to minimum of seven weeks, in a day in which the “Cash with Liquid” (CCL) came to exceed $500.
He dollar bag -operated with the GD30 bond in the Price-Time Priority or PPT segment- fell in the day 42 cents (+0.3%) to $473.50. So, the gap with the officer closed in 93.3%. Anyway, During the week, the MEP accumulated an advance of $4.41 (+0.9%), the second in a row.
For its part, the CCL -operated with the GD30 bond in the segment PPT– gave way $2.27 (-0.5%) to $479.27 after hitting a historical nominal record of $504.34 at the beginning of the day. Indeed, the spread with the officer was located in a 95.7%.
While, the blue dollar fell $1 (-0.2%) to $483according to a survey of Ambit in the caves of the City. So, the gap with the officer came to 97.2%.
In the first hours of the day, the financial exchange rates rose sharply due to the uncertainty that was generated by versions of possible rearrangements of the economic team, based on the definition of the candidacies within the ruling party, which were quickly denied .
“The initial bullish momentum came in the middle of rumors that circulated regarding the economic team (an eventual departure of Massa)If confirmed, it would not be positive in this delicate and prolonged transition stage, full of economic challenges and political noise”stated to Ambit the Economist Gustavo Ber.
Beyond the relative calm of the exchange rate in recent weeks, analysts warn that stock exchange rates are certainly somewhat lagging taking macro indicators into account. “Financial dollars are below the theoretical estimates from our analyses, which are based on monetary variables. At these prices, we believe there is value in dollarizing portfolios in a context where electoral uncertainty could increase volatility in the coming months”, predicted to this medium Juan Manuel Franco, Chief Economist of SBS Group. In fact, from Quicktrade, the APP and online platform of SBS -which will not charge commissions until next July 6 to new users who operate MEP dollars-, they verified in recent weeks a growing appetite of retail investors for the dollar stock market.
In another order, on Thursday the Government carried out the debt swap for which it issued three dual bonds tied to the official dollar and a CER bond that is tied to inflation.
“Today we carry on the largest public debt swap in Argentine history in the domestic market; not only because the economic significance of the impact on public accounts but also because it encompassesr the most important cumulative maturities of the second semester”, He said Finance Secretary, Eduardo Settiin a tweet.
The voluntary conversion of assets in pesos announced this week was carried out “very successfully”The government spokeswoman also said. The swap “The second semester clears a lot, it completely clears the debt in pesos in the second semester,” said the official spokesperson, Gabriela Cerruti, at a press conference.
While, The Government continues negotiating with the IMF to reschedule targets and advance disbursementsTherefore, by June 20, Economy Minister Sergio Massa is expected to travel to the United States, as long as there is progress in the negotiations and the new understanding is signed, said an official source.
Argentina comes from renovating and expanding a currency swap line with Chinawith the idea of giving the central bank (BCRA) room to contain the price of the peso and stop the daily loss of reserves.
A group of latin american economists urged IMF to adopt immediate reformssimilar to those of central banks, to prepare for an upcoming crisis in emerging markets, given an increase in risk associated with fragility and record sovereign debt.
How much does the dollar operate today, Friday June 9
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- goes up $1.64 until 513.82.
This exchange rate applies to consumption abroad with debit and credit cards over US$300 per month per person.
For his part, he savings dollar or solidarity dollar -which includes 30% of the COUNTRY tax and the 35% deductible of Income Tax and Personal Assets- increased $1.20 and is located in the $423.90 when climbing $1.35.
Meanwhile, the dollar wholesalerwhich is directly regulated by the BCRA, advanced $0.55 cents on Thursday and is trading at $245 for sale.
How much does the tourist dollar operate at, Friday June 9
He tourist dollar or card -Retailer 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 of up to US$300 per month- operates in the $449.59.
How much is the blue dollar trading today, Friday June 9
The blue dollar remains stable at $484 for sale, according to a survey of Ambit in the caves of the City.
For its part, the crypto dollar or Bitcoin dollar operates in the $493.69 falling slightly based on the average among local exchanges reported by Coinmonitor.
Source: Ambito
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