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MEP dollar and CCL rise for the third consecutive day and reach April highs

MEP dollar and CCL rise for the third consecutive day and reach April highs

He MEP dollar rises this Friday, April 26 and reached a maximum in more than a month, but remains below the blue. For his part, the Cash With Settlement (CCL) It climbed for the second wheel in a row and marked its most important increase in 10 days.

In that context, the CCL dollar advances $6.52 (+0.6%) to $1,087.40, so the gap with the official is 24.3%. For its part, The MEP dollar climbs $5.66 (+0.6%) to $1,039.72 and The spread with the official one is positioned at 18.8%.

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%).

This week’s round was affected by the president’s speech Javier Milei announced last Monday 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.

However, this surplus achieved was at the cost of 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.

There was also a massive march in defense of public universitieswhich were affected by the Government’s chainsaw, which extended the 2023 budget after an inflation of almost 290%.

But after the first attempt to strike the universities, back in March, Human capital granted a 70% increase on operating expenses, which represent only 8% of transfers. Now, seeing the state that the Federal University Marchgranted another 70% increase on the same expenses and an extraordinary item for the university hospitals, since they were running out of money to operate. Even so, the budget continues to be the lowest since 1997, as explained by the Civil Association for Equality and Justice (ACIJ).

Also, the Central Bank (BCRA) ordered its second rate cut in April, this time by 10 points and took its monetary policy from 70% to 60%. In this way, the return on fixed terms of small savers continues to fall and varies between 50% and 61%.

Also, yesterday Deputies reached an agreement on the bases billwhich will be discussed together with tax package next Monday. The majority opinion included the emergency declaration energy, economic and financial for one year; the labour reform; privatizations; public debt consolidation and the incentive regime for “Large Investments”.

How much is the official dollar trading at today, Friday, April 26

In the official exchange market, the wholesale dollar advance $1 to $875.

How much the future dollar trades at today, Friday, April 26

The future dollar for the end of April gives 0.6% to $878; For the end of May it falls 0.5% to $910, while for June it rises 0.4% to $947. By the end of the year, meanwhile, the price rises 0.7% to $1,265.

How much is the blue dollar sold for today, Friday, April 26

He Dolar blue operates in $1,025 for the buys already $1,055 for the saleaccording to a survey of Ambit in the caves of the City.

Price of the dollar card today, Friday, April 26

He dollar card or touristand the dollar savings (either solidary) reaches the $1,430.40.

Quote of the crypto dollar today, Friday, April 26

He crypto dollar or Bitcoin dollar operates at $1,060.02according to Bitso.

Source: Ambito

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