The blue dollar accelerated its bearish dynamics this Wednesday March 6 and drilled $1,000 for the first time this yearthus closing at a minimum of two and a half months. How does it impact the economy? Is it close to your apartment?
He informal dollar fell another $20 to $990, its lowest value so far in 2024 and minimums since December 18, 2023, when it closed at $985. So, accumulated a decline of 21.1%, from its nominal record of $1,255, marked last January 24.
For its part, the gap with the official dollar was reduced to 17.1%the lowest level after the abrupt devaluation carried out by the Minister of Economy, Luis Caputo.
In this way, the February trend was maintained for the informal dollarmonth in which it recorded a decrease record of 13.8% ($165), similar to July 2022 when it lost 12.4%.
Blue dollar pierced $1,000: is it close to its floor?
Finally, the parallel dollar drilled for the first time in the year the $1,000which seemed to be a floor for this exchange rate. According to the economist, Gustavo Berfaced with a “greater supply that does not find sufficient demand” in the current economic crisis added to a “strong fiscal and monetary squeeze in the background.”
“I think that In the short term, the current dynamics could extend before the expectation for exchange rate unification and the departure of stocks towards the middle of the year, after the harvest in search of continuing to strengthen the balance of the BCRA“he said Ber.
The blue fall is in line with the sharp decline in financials, which ended below $1,050. “Barring an abrupt change in global risk aversion, the CCL’s weakness against inflation is likely to continue,” he noted. Delphos Investment.
“However, we cannot rule out (temporary) increases in volatility for both external and internal reasons,” they stated from Delphos Investment and they exemplified what happened during the treatment of omnibus law in Deputies.
Blue dollar pierced $1,000: how does it impact the economy?
The market sees it as a risk that the parallel exchange rate continues to fall, since It could be a negative signal for foreign trade. Although it is good information for the inflation, such a strong drop in parallel dollarson the one hand, would encourage imports and, on the other, could channel export dollars from the official market towards financiers.
In addition, It is an incentive to invest in fixed terms, a topic that banks are not very enthusiastic about. They currently have a very negative rate regarding inflation, but they continue to gain strongly against the dollar, which could generate a investment migration.
“If these positive rates continue, the financial dollar should continue to lose ground in the market,” said the economist Salvador Di Stefano.
How much was the official dollar quoted today, Wednesday, March 6
In the official exchange market, the wholesale dollar reached the $845.50 per unit, 50 cents above Tuesday’s close.
How much the MEP dollar was sold for today, Wednesday, March 6
He MEP dollar operates at $977.32. Thus, the spread with the official exchange rate it is positioned in the 15.6%.
Value of the CCL dollar today, Wednesday, March 6
He dollar Cash with Settlement (CCL) mark the $1,015. In that way, the gap of this exchange rate with the official located in 20.1%.
Price of the dollar card today, Wednesday, March 6
He dollar card or touristand the dollar savings (either solidary) reached the $1,383.20.
Quote of the crypto dollar today, Wednesday, March 6
He crypto dollar or Bitcoin dollar operates at $1,000.99according to Bitso.
Source: Ambito
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