the blue dollar
it rose $1 this Friday and
closed at $386 for sale.
So far in January it has already increased by 39 pesos and was on par with the Qatar dollar, which is the most expensive in the exchange market.
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The blue dollar closed at $386
The blue dollar rose another peso this Friday and
closed its price at $386
, setting a new record.
So far this year, it's already up $39.
Financial dollars, on the rise
On the closing of the day, the dollar counted with liquidation rises 0.2%, to $370.20, while the stock dollar or MEP gains 1.2%, to $356.50.
The official dollar ends unchanged
Banco Nación did not move at all on Friday the price of the official dollar, which closed at $192.25 for sale and $184.25 for purchase, unchanged from the previous close.
The wild problems that challenge Massa
In her latest book, Understanding an Elephant, the biologist Guadalupe Nogués reflects on wild problems, so called because of their complexity.
The pandemic, for example.
But what are the wild problems that challenge Massa?
For the economist Martín Rapetti it depends on the size.
“Structurally, growth and extremely high poverty.
Facing this 2023 election, Massa depends on lowering inflation, recovering wages and growing the economy in the midst of a strong blow due to the drought that subtracts US$ 13,000 million and a disturbing debt in pesos that the Treasury used to finance the deficit". Read more
Argentine bonds in dollars fall slightly
In the fixed income segment, bonds in dollars registered losses of up to 0.8%, while titles in pesos operated with ups and downs.
In this scenario, the country risk rose 1.9% to 1,827 basis points.
The Merval falls more than 1%, Argentine shares on Wall St fall up to 4%
The S&P Merval index fell 1.65% and stood at 257,173.88 units after Friday's half-round in the Buenos Aires market, while the shares of Argentine companies on Wall Street fell by up to 4%.
In the leading panel of the Buenos Aires stock market, the papers of Telecom Argentina and Central Puerto registered falls of 3.76% and 3.19%, in that order.
Meanwhile, the ADRs of Argentine companies on Wall Street marked the majority of declines, on a day in which Telecom Argentina led that lot with a 4% drop.
The blue dollar remains at $386
More than halfway through the day on Friday, the blue dollar is steady after rising $1 earlier, at $386 to sell and $382 to buy.
The Buenos Aires stock market operates with a slight drop
The Buenos Aires stock market operated at noon this Friday with a decrease of 0.20% in its referential index S&P Merval, which stood at 260,954.79 points.
The volume traded in shares was around $50 million.
The Central Bank lowered a key rate at the request of the banks
The Central Bank had to go out to cool down the severe criticism that the banks had made of it for a movement in interest rates that harmed financial entities in favor of mutual funds.
What the board of directors of the entity chaired by Miguel Pesce decided this Thursday is to partially roll back the rate improvement that it had given to mutual funds.
The coefficient of subscription of 1-day passive repos to which Mutual Investment Funds may be exposed was lowered from 95% to 85%, a measure that seeks to restore profitability and liquidity to banks and financial institutions.
The blue dollar rises $1
After the first moves in the market, the blue dollar rose $1 and is trading at $386 to sell and $382 to buy.
The blue dollar opens unchanged
The blue dollar was unchanged in early trading on Friday from the previous day, trading at $385 to sell and $381 to buy.
The official dollar opens unchanged
The official dollar began the day this Friday without changes in its price compared to the previous session, at $192.25 for sale and $184.25 for purchase on the Banco Nación blackboard.
Argentina will receive a US$540 million loan to bring Vaca Muerta gas to Brazil
Argentina has been buying gas from Bolivia since 2006. Less and less.
And now he is heading to try to export to the highland country, according to an official announcement.
The Minister of Economy, Sergio Masa, agreed with CAF, which is the Development Bank for Latin America, on a works plan for US$540 million that would be approved in March.
The money will go to the construction of the gas pipeline "La Carlota-Tío Pujio, the reversal del Norte and the compression plants," according to Massa.
Juan Manuel Barca
Inflation: alternative dollars accelerate and jeopardize official strategy
Despite the battery of measures implemented, the dollar seems to have entered a new phase.
After relative calm in the previous two months, parallel dollars picked up pace in January, rising above expected inflation, a situation that could complicate currency selloffs and put further pressure on prices.
So far this year, the MEP and CCL dollars have risen by 7.4 and 7.5%, and the blue more than 11%, while analysts expect inflation of around 6% in January.
Alternative prices accelerated amid the reduction in the supply of dollars after the end of the soybean dollar 2, a greater demand for dollars for tourism and the drought in the countryside.
The Central Bank keeps a short rein on the official dollar.
The wholesaler rises 4.6% so far this month.
It is a half "anchor", because the dollar weighs more and more in the formation of prices, counted with liquidation.
The blue dollar closed at $385 on Thursday
The US currency that is obtained in the parallel market rose two more pesos and ended with a new record.
So far in January it has already increased 39 pesos.
Meanwhile, the official closed Thursday with a slight upward adjustment of $0.75, offering $192.25 for sale and $184.25 for purchase on the Banco Nación board.
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The blue dollar reached $385 and caught up with the Qatar dollar