Financial dollars deepen decline after announcement of surplus in the first quarter

Financial dollars deepen decline after announcement of surplus in the first quarter

The financial dollars They fall this Monday, April 22 after the rise of the last two days of last week. He MEP records its lowest price in 10 days and is looking at $1,000, while, the Cash With Settlement (CCL) down for the second wheel in a row.

In that context, the CCL dollar drops 39 cents to $1,057.90, so the gap with the official is located in the 21.2%. For its part, The MEP dollar gives up $2.43 (-0.2%) to $1,012.55 and The spread with the official one is positioned at 16%.

Meanwhile, the last week financial dollars rose: he CCL closed the week with an increase of $21.62 (+2.1%) while the MEP he did it with a $21.19 (+2.11%).

He dollar blue gives $5 to $1,030 for the sale, according to the survey carried out by the City of Buenos Aires Ambit. Thus, it remains above the price of the MEP.

The president, Javier Milei, announced on Tuesday a fiscal surplus equivalent to 0.2% of GDP in it first quarter of 2023 as a consequence of a fierce cuts in public spending and the liquefaction of weights. Furthermore, he ratified his commitment to eliminate the deficit to combat rampant inflation.

The fiscal surplus for three consecutive months announced by Milei is the first since 2008, amid the agreement with the International Monetary Fund (IMF) for which it is owed nearly 44,000 million dollars.

“Argentina’s better-than-expected budget figures at the beginning of the year are without doubt, good news and show that fiscal adjustment is occurring more quickly than we expected,” noted the consulting firm Capital Economics.

However, the consulting firm highlighted that “many of the factors that have contributed to the primary balance returning to surplus are transitory and will fade in the coming months“.

In this sense, among the factors that contributed most to the surplus are the liquefaction of social, retirement and salary policy items, a consequence of the adjustment promoted by the Government after assuming power in December, which generated a historic increase in poverty to 54%.

Argentina faces an annualized inflation of 287.9% as of March, although it shows a firm deceleration as a consequence of the recession generated by the crisis and the adjustment.

“For some, Milei is a miracle, for others it is a simple mirage. The truth is that the progress of macroeconomics is beginning to give results, but it will be urgent for this to spill over into microeconomics because social tensions are around the corner. corner,” said an analyst from a foreign private bank who preferred not to reveal his identity.

How much is the official dollar trading at today, Tuesday, April 23

In the official exchange market, the wholesale dollar goes up $1 and trades at $873.

How much does the future dollar trade at today, Tuesday, April 23

The future dollar for the end of April remains at $879; end of May drops 0.2% to $913, while for July yields 0.3% to $999. By the end of the year, meanwhile, the price climbs 1.4% to $1,276.

How much is the blue dollar sold for today, Tuesday, April 23

He Dolar blue operates in $1,000 for the buys already $1,030 for the saleaccording to a survey of Ambit in the caves of the City.

Price of the card dollar today, Tuesday, April 23

He dollar card or touristand the dollar savings (either solidary) reaches the $1,427.20

Quote of the crypto dollar today, Tuesday, April 23

He crypto dollar or Bitcoin dollar operates at $1,053.53according to Bitso.

Source: Ambito

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