The
blue dollar
started the week with
a drop of $3
this Monday compared to the previous close and was traded
at $372 at its close
.
It was a bit of good news for the Minister of Economy, Sergio Massa, after transcending his bank-backed debt swap
plan
that received harsh criticism from the opposition.
LIVENews in Development
06.03.2023 17:47
17:47
Good start to the week for Argentine shares on Wall Street
The ADRs operated with an upward trend this Monday in New York.
YPF (6.2%), Central Puerto (5.1%) and Despegar (4.2%) led the increases.
06.03.2023 17:35
17:35
Dollar bonds rose as much as 3.3%
The GD30 and AE38 led gains with gains of 3.3% each.
They were followed by AL30 (2.9%) and GD35 (2.7%).
Meanwhile, the country risk fell 0.7% to 2067 points.
06.03.2023 17:22
17:22
The MEP dollar fell four pesos
The price obtained from the purchase and sale of bonds closed at $362.42.
Meanwhile, the CCL dollar, the one used by companies to turn currencies, barely rose one peso to $373.42.
06.03.2023 17:00
five pm
The blue dollar closed at $372
The foreign currency in the parallel market fell three pesos at the beginning of the week.
06.03.2023 16:30
4:30 p.m.
The Central Bank sold US$42 million
So far in March, the monetary authority has accumulated sales of US$77 million.
06.03.2023 16:23
4:23 p.m.
Juan Manuel Barca
Sergio Massa agreed with the banks on a debt swap with indexed bonds and "anti-landing" insurance
After a one-hour meeting with the representatives of the main banking entities, Minister Sergio Massa closed the agreement to implement a debt swap in pesos that allows for 2024 and 2025 to kick off the maturities of this year, which add up to $18 trillions.
Through a video, the minister made the announcement official, although he did not specify which are the bonds that will enter the exchange.
He just said that "there will be an offer of two baskets, the possibility of having a debt program that even deactivates that idea of the bomb, that every two or three months something is about to explode and that gives it a 2024 maturity curve. , 2025, much more orderly, also associated with the program of fiscal order".
Read more.
06.03.2023 16:11
16:11
The blue dollar drops to $372
By the end of the session on Monday, the blue dollar has moved back $1 more and is trading at $372 to sell and $368 to buy, $3 below Friday's closing values.
06.03.2023 15:46
15:46
Public banks and some private ones came out to support the debt exchange with exchange insurance
The Association of Argentine Banks (ADEBA) denied the statements of the economists of Juntos por el Cambio (JxC) about the debt swap proposal of the Minister of Economy, Sergio Massa.
Even its owner Javier Bolzico defended the initiative.
The Government is heading to close a new debt swap in pesos with the banks and the public sector.
Finance Secretary Eduardo Setti will meet this Monday at noon with financial institutions and insurance companies.
Read more
06.03.2023 15:10
15:10
The official dollar closes higher
The official dollar rose $0.25 more at the end of the session on Monday and ended with a price of $206.25 for sale and $198.25 for purchase on the Banco Nación blackboard, $0.75 above the previous closing .
06.03.2023 14:38
2:38 p.m.
The Merval rises 1.71%, Argentine shares on Wall Street advance up to 4%
The S&P Merval index rose 1.71% after Monday's half-round in the Buenos Aires market, while the shares of Argentine companies on Wall Street gained up to 4%.
In the leading local panel, the papers of Cresud and YPF registered increases of 3.54% and 3.20%, respectively, leading the increases.
Meanwhile, the ADRs of Argentine companies on the New York Stock Exchange marked the majority of gains, on a day in which Despegar led that batch with an advance of 4%.
06.03.2023 14:13
2:13 p.m.
Cash with liquid rises slightly
The dollars that operate in the stock market have disparate behaviors this Monday.
The cash-settled dollar is up 0.1% at $372.79, while the MEP dollar is down 0.3% at $365.55.
06.03.2023 13:55
1:55 p.m.
International stock markets register a positive trend
The main international stock markets registered a positive trend on Monday, with general increases in the Asian and European markets.
The Japanese Nikkei index gained 1.11%;
Hong Kong 0.17%;
South Korea 1.26% and Taiwan 0.99%.
In contrast, China fell 0.19% in its Shanghai index and 0.08% in the Shenzhen.
In Europe, the main stock markets also operated with the majority of increases, with the exception of London, which fell 0.30%.
For its part, Paris rose 0.38%;
Frankfurt 0.56%;
Madrid 0.51% and Milan 0.41%.
In the New York markets, its main index, the Dow Jones Industrials, gained 0.37% and stood at 33,512.95 points;
the selective S&P 500 index rose 0.69% and the Nasdaq technology index rose 1.03%.
06.03.2023 13:20
1:20 p.m.
The Buenos Aires stock market opened with a rise of 0.44%
The Buenos Aires Stock Exchange operated at the opening of Monday with a rise of 0.44% in its main indicator, the S&P Merval, which stood at 246,951.22 points.
Meanwhile, the volume traded in shares exceeded $7.5 million.
06.03.2023 12:48
12:48
Annabella Quiroga
First quarter inflation will exceed 20% and 2023 could end at 118%
Inflation for the first quarter of the year is on track to be around 20%, which would make it the highest quarter since 1991. This indicates that prices continue to accelerate: private forecasts for the year are already reaching 118%
The official projection of bringing inflation to 60% this year is becoming increasingly blurred.
Until now, the only official data for 2023 is 6% for January.
The February one will be released on March 14, but the consultants anticipate that it will be around 6% again and something similar would happen in March.
Read more
06.03.2023 12:15
12:15 p.m.
The blue dollar drops to $373
After noon on Monday, the blue dollar is down $2 and is trading at $373 to sell and $369 to buy.
06.03.2023 11:32
11:32
The official dollar rises 50 cents
The North American currency rises 50 cents this Monday compared to the last closing and is trading $206 for sale and $198 for purchase, on the boards of Banco Nación.
06.03.2023 11:19
11:19
The blue dollar opens at $375
The parallel dollar opened the exchange week unchanged from last Friday at $375 for sale and $371 for purchase.
06.03.2023 10:55
10:55
Juan Manuel Barca
Amid criticism, the Government seeks to close a debt swap to postpone payments until 2025
The Government is heading to close a new debt swap in pesos with the banks and the public sector.
Finance Secretary Eduardo Setti will meet this Monday at noon with financial institutions and insurance companies.
The meeting to which the minister Sergio Massa would join, will be to close the operation with which it seeks to clear the expirations prior to the STEP and postpone them until 2024 and 2025, during the next administration.
While at the Palacio de Hacienda they were preparing to deal with the last details of the arrangement, Together for Change burst in this Sunday afternoon with a statement entitled "A new maneuver by the Ministry of Economy will only bring more instability", in rejection of the swap.
The message surprised massismo, where they interpreted the questions as an attempt to generate a "default" on the debt in pesos, as happened in 2019.
Read more.
06.03.2023 10:19
10:19
The official dollar opened at $205.50
The official dollar opened this Monday at $205.50 for sale and $197.50 for purchase, on the boards of Banco Nación.
06.03.2023 09:13
09:13
Mauricio Bartoli
Exchange gap: the great axis of protests and proposals
Although the historical and most symbolic claim of the field continues to be withholdings, as we reflected last week, in recent times the unification of the exchange rate has gained priority.
The need to reduce or eliminate the exchange gap stands out at the time of the protests, as was the demonstration on Tuesday the 28th in Villa Constitución, and also in the demonstrations of proposals, such as the presentation, this Wednesday, of the Federal Agroindustrial Plan 2023-2033 .
The backdrop is that dollars are missing throughout the economy.
This summer, the contribution of foreign currency from agriculture fell 75% compared to January and February 2022. The drought and the advancement of settlements for the soybean dollar were key, as reflected in the monthly report of the chamber of agro-exporters (CIARA-CEC). .
Read more.
06.03.2023 08:25
08:25
Sergio Massa promises that the "Malbec dollar" will start in April and asks in exchange that the wineries maintain good prices in the domestic market
At the Park Hyatt Hotel in Mendoza, within the framework of the National Harvest Festival, Economy Minister Sergio Massa promised that the "Malbec dollar" would start in April and asked in exchange that the wineries maintain good prices in the domestic market.
"As of April 1, just as we put in place at some point a mechanism for this agro-industrial complex (soy), we are going to accompany it with a mechanism for what all the regional economies are, starting with viticulture to recover export competitiveness, recover markets but also so that they have the opportunity to face the loss that the hail and the frost represented", said Sergio Massa.
Read more.
06.03.2023 07:49
07:49
Together for Change warned that Sergio Massa's eventual debt swap "will only bring more instability" and "serious problems"
Together for Change came out at the crossroads of an imminent debt swap promoted by Economy Minister Sergio Massa.
Through a statement, he considered that the maneuver "will only bring more instability" and will imply "serious problems."
"The legislative blocs of Together for Change warn of the serious risks involved in the debt swap being prepared by the Ministry of Economy," they stated in the text released this Sunday.
As reported this Sunday, the Ministry of Economy seeks to close a debt swap in pesos with banks and the public sector to postpone payments until 2025.
Read more.
2023-03-06 07:2030
The blue dollar closed Friday at $375
The blue dollar was down $2 compared to Thursday's trading and traded on Friday at $371 to buy and $375 to sell.
look too
Amid criticism, the Government seeks to close a debt swap to postpone payments until 2025
There are dollars to pay the Fund;
what there is not are dollars for the economy to work