The financial dollars reverse the initial rise and begin to operate lower this Tuesday, after having registered significant declines last week. The exchange market gained tranquility after the series of political and economic achievements that the Government accumulated in recent days.
He dollar CCL falls 0.5% (-$6.12) at the beginning of this short week to reach the $1,261.37Meanwhile he MEP decreases 0.1% (-$1.48) to $1,243.16.
In this way, the gaps with the official exchange rate they are positioned at 39.2% in the case of the cable dollar and 37.2% in the case of the Stock Market, thus being the first time in the month that both percentages are below 40%,
In the accumulated of the previous five business days, the CCL showed a decrease of $45.01 (-3.5%) and the MEP contracted $37.69 (-2.9%).
It is worth remembering that the financial markets will only function normally on Tuesdays and Wednesdays during this week due to the holidays commemorating the “Passage to the Immortality of General Martín Miguel de Güemes” and “Flag Day”, as well as the bridge with tourist purposes that was established for Friday.
The Government dispelled uncertainty with political and economic achievements
In the early hours of Thursday the Senate approved the Bases law, with a package of liberal reforms well received by markets. Although it represented the first legislative victory of the Government of Javier Milei, the original project underwent a large number of modifications, which must be endorsed by Deputies.
Previously, the Central Bank had announced the renewal of the swap with China, which implies a saving of US$5,000 million for the coming months, and the International Monetary Fund (IMF) validated the review of goals, thus activating a disbursement of US$800 million. Likewise, the INDEC reported the lowest monthly inflation data since 2022.
“The attention of the week will continue in Congress, since after the approval of the Bases Law and the fiscal package in the Senate, both projects must be ratified by the Lower House to be converted into law,” said the compensation and Bridge iqidation.
“In another order, the fiscal result for May will be known, which accumulates a financial surplus equivalent to 0.2% of GDP in the first four months,” he recalled.
Source: Ambito
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