Financial dollars stop the bullish streak at the beginning of this new weekwhile movements in the exchange market intensify due to the liquidation of the thick soybean and corn harvest.
The CCL dollar falls $11 (-1%) this Monday to be located in the $1,110.13for which the gap with the officer descends to 26.1%. For its part, the MEP fell 0.3% to $1,069.11. This is the first drop in both prices on eight wheels.
The market analyst Salvador Di Stefano stated in dialogue with Ambit that during the weekend “a lot of merchandise entered” from the countryside to the export ports and that this Monday the highways in the Pampas area were “collapsed” by trucks.
For his part, the economist Gustavo Ber He warned that financial dollars will probably continue to operate calmly since a greater harvest liquidation is anticipated.
The agricultural transport services company, Agroentregas had published a report on Saturday in which more than 6,000 truck arrivals were verified, of which 82% corresponded to loads of soybeans.
During April Agricultural companies settled US$1,910 million, this represents a 21.5% decline compared to the same month last year, according to data from the Chamber of the Oil Industry (CIARA) and the Cereal Exporters Center (CEC). “But it must be noted that Compared to March, settlements increased 27%. And, in relation to the first quarter of 2023, the improvement was 23%”, they explained from Wise Capital.
On the other hand, the Ministry of Economy announced today a modification of the PAIS Tax for the purchase of dollars destined for transfers of profits and dividendsas well as the repatriation of investments generated by non-residents since September 1, 2019.
Through decree 385/2024, the Government reduced the rate of the PAIS tax to 17.5%, which is an advantage for the economic agents involved in these operations.
In addition, the rule included subscriptions in pesos of “Bonds for the Reconstruction of a Free Argentina” (BOPREAL), issued by the Central Bank of the Argentine Republic (BCRA), within the scope of the COUNTRY tax.
These subscriptions will be subject to tax in cases of payment of profits and dividends, as well as for the repatriation of non-resident investments.
Among the foundations of the decree, it stands out that they seek to stimulate investment and guarantee a sustainable fiscal path in the country.
Liquidation of agriculture: how it is located in historical terms
“Good liquidation of agricultural currencies in April,” he analyzed Aurum which also detailed that The good performance of 2021 and 2022 was mainly due to very high international prices. which allowed a high annual foreign exchange settlement (US$32,000 million and US$40,000 million, respectively). Meanwhile in 2023 the comparison was influenced by the effect of the soy dollar.
“Putting aside those 3 years, April’s currency sell-off was fairly in line with what was seen in the previous 5 years“they explained.
How much does the future dollar trade at today, Monday, May 6
The future dollar for end of May fell 0.2% to $904, while for June fell 0.6% to $929. For end of the yearMeanwhile, the price fell 2.4% to $1,205.
How much does the blue dollar trade at today? Monday, May 6
He Dolar blue operates in $1,015 for the buys already $1,045 for the saleaccording to a survey of Ambit in the caves of the City.
Price of the card dollar today, Monday, May 6
He dollar card or touristand the dollar savings (either solidary) it is located in $1,433.
Quote of the crypto dollar today, Monday, May 6
He crypto dollar or Bitcoin dollar operates at $1,089according to Bitso.
Source: Ambito
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