The dollar counted with liquid, the way that companies use to become dollarized, jumped four pesos this Tuesday and reached
$409.9.
It is the highest nominal price reached so far.
In this way it is consolidated as
the most expensive among the parallel dollars
.
So far this year it has risen 19%, below the estimated inflation for the first quarter, which is close to 21%.
The CCL jump occurred in the midst of a market
plagued with versions
about imminent announcements of new adjustments in the exchange market, which would affect the tourist dollar, some imports and that would define the new conditions of the soybean dollar 3 and differentiated prices for regional economies.
Minister Sergio Massa is expected to announce the new measures this Wednesday.
At the same time, the MEP dollar, which is traded on the Buenos Aires stock market, advanced to
$402.4,
a jump of 1.4% and 22.7% so far in 2023.
For its part, the blue dollar rose just one peso and closed at
$393.
This brings the exchange rate gap with the wholesale dollar to 86% and thus seems to be consolidating below 90%.
The Central Bank continued its selling streak on Tuesday and parted with
US$ 49 million
.
It already has 21 consecutive rounds of sales.
US$308 million
left him
in these two business days of April and
US$3,286 million so far this year.
In
the midst of this loss of reserves,
the Central accelerated the rate of devaluation.
This Tuesday he brought the daily update - the
crawling peg
- to
6.9% and averages 6.2% in the last five wheels
.
This is the highest rate of devaluation since last September.
Data from Ecolatina show that the
crawling peg
for March was 6%, compared to inflation that for private consultancies had a floor of 7% last month.
This indicates that the exchange rate had been showing a delay.
The staff report published on Monday by the Monetary Fund on the Argentine situation mentions that given the rise in inflation it is possible that
"additional tightening of policies and adjustments of monetary policies" will be required.
Country risk rise
Argentine
bonds
The JP Morgan indicator that measures the overrate of Argentine debt
rose 3.2% to 2,352 basis points.
It was also a negative day for Argentine stocks.
The Merval lost 1.3% and in New York the ADRs showed falls of up to 4%, as in the case of Transportadora Gas del Sur and Loma Negra.
AQ
look also
Sergio Massa insists on canceling the Rental Law but has not yet found the legal path
The largest trade deficit with Brazil in five years was reached in March
