He Cash With Settlement (CCL) deepened fall this Friday, February 16, like the MEP dollar, which fell more than $20. In this way, both exchange rates recorded their biggest weekly drops In almost four months. This took place within the framework of a day in which the president Javier Milei revealed that in June of this year it could eliminate the dollar stocks as the previous step to dollarization.
In that context, the CCL dollar plummeted $39.07 (-3.4%) until $1,114.21. In that way, the gap with the official exchange rate it was positioned in the 33.4%. In it weekly cumulativethe balance was a down $115.84, or 9.4%to end the week with biggest drop of its value from mid-October 2023.
For his part, the MEP dollar fell $22.15 (-2%) until $1,064.71chained his fifth consecutive wheel in red and surpassed blue again. So, In the week it lost $108.65, or 9.3%. In that way, the gap of this exchange rate with the official was located in the 27.5%.
The MEP dollar rebounds: in what context?
This Friday, the president Javier Milei revealed that in June of this year it could eliminate the dollar stocks as the previous step to dollarization: “The estimates of International Monetary Fund (IMF) they say that we can open the stocks in the middle of the year“.
He financial market rearranged itself with selectivity in a short week after the Carnival holidays, in the midst of the deep economic crisis that the country is going through.
Argentina’s sovereign bonds fell on friday utility shots short range after the firm increases driven by the unusual firmness of the domestic peso against the dollar due to monetary pressure from the Central Bank (BCRA).
“We notice a peculiarity: pesos are missing due to a previous overbought of dollars and large stocks (of merchandise) in businesses as a safeguard against the expected high inflation. Now with stagflationsome central parameters should change,” explained a financial analyst from Buenos Aires.
The stock index S&P Merval from Buenos Aires plummeted 2.6%pulverizing a marginal increase in the start of business and after losing 3.1% during the last two days, plus a negative drag of 14.3% last week.
Argentina registers the highest inflation in the world after scoring in the last 12 months a jump from 254.2% to January, just two months after the president’s inauguration Javier Milei.
For his part, the central bank (BCRA) bought US$275 million. In this way, during the week, the monetary authority accumulated US$656 million. In that framework, the Bookings they went up US$245 million until the US$26,885 million.
Meanwhile, the Dolar blue wrote down his first rise in five days and ended at $1,065 for the buys and at $1,095 for saleaccording to a survey of Ambit in the caves of the City. As a consequence of the rise, this exchange rate once again surpassed the MEP dollar.
The parallel currency went up $20after falling to $1,070 on the day. That way, fell $50 in the weekly cumulativethe equivalent of a drop of 4.4%, the biggest weekly drop since the week ended November 3.
The presidential spokesman, Manuel Adorni, reported that The Government decided to eliminate trust funds which, they stated, represent “about 0.5 of GDParound the US$2,000 million“.
Next week, the Secretary of state of USA, Anthony Blinken, will travel to Brazil and Argentinawhere he will meet with the leaders of both countries to discuss “bilateral and global issues,” the Department of State.
How much was the official dollar quoted for today, Friday, February 16
In the official exchange market, the wholesale dollar increased 50 cents to $835, under the administration of the BCRA.
How much did the blue dollar trade at today, Friday, February 16
He Dolar blue was negotiated in $1,065 for the buys already $1,095 for the saleaccording to a survey of Ambit in the caves of the City.
Price of the dollar card today, Friday, February 16
He dollar card or touristand the dollar savings (either solidary) quoted at $1,366.40.
Crypto dollar quote today, Friday, February 16
He crypto dollar or Bitcoin dollar operates at $1,097.23according to Bitso.
Source: Ambito

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