The blue dollar is up $8 on Monday and is trading at
$408 for sale
, setting a new all-time mark and a sizeable jump in a single day.
Regarding the official dollar, the currency closed at $222.50 for sale on the Banco Nación blackboard, $1.50 above the previous close.
LIVENews in Development
17.04.2023 15:45
3:45 p.m.
The blue dollar jumps to a new high
The blue dollar jumped this Monday and is trading near the close of operations at $408 for sale and $404 for purchase, $8 above the values at which the previous session ended.
17.04.2023 15:11
15:11
The official dollar closes with a rise of $1.50
The official dollar had a last advance of $0.50 at the end of the session and closed at $222.50 for sale and $214.50 for purchase, $1.50 above the values at which it ended on Friday in the Banco Nacion blackboard.
04.17.2023 14:48
2:48 p.m.
The blue dollar marks a maximum of $403
The blue dollar rose $1 more this Monday, which led to the jump of $3 in the day compared to the previous close to reach a price of $403 for sale and $399 for purchase, its highest historical values.
17.04.2023 14:23
2:23 p.m.
The Merval rises 0.55%, Argentine shares on Wall Street fall to 2.30%
The S&P Merval index rose 0.55% and was located at 277,247.51 units after Monday's half-round in the Buenos Aires market, while the shares of Argentine companies on Wall Street fell to 2.30%.
In the leading local panel, the shares of BBVA and Transportadora Gas del Norte registered increases of 4.14% and 2.38%, respectively.
For their part, the ADRs of Argentine companies on the New York Stock Exchange marked the majority of losses, on a day in which Cresud led that lot with a decline of 2.30%.
04.17.2023 13:58
13:58
The blue dollar rises to $402
The blue dollar advanced again this Monday and added $1 more to its price, so it is now trading at $402 for sale and $398 for purchase.
17.04.2023 13:30
1:30 p.m.
The official dollar rises again
Halfway through the day on Monday, the official dollar rose again and is trading at $222 for sale and $214 for purchase at Banco Nación.
17.04.2023 13:02
13:02
The blue dollar rises $1
After spending flat Monday morning, the blue dollar is up $1 and is trading at $401 to sell and $397 to buy.
17.04.2023 12:26
12:26
The Buenos Aires stock market operates on the rise at the opening
The Buenos Aires Stock Exchange opened on Monday with a rise of 0.19% in its main indicator, the S&P Merval, which stood at 276,254.54 points.
Meanwhile, the volume traded in shares exceeded $119 million.
17.04.2023 11:55
11:55 a.m.
While global inflation stabilizes at 0.6% per month, Argentina rises to 7.7%
Inflation once again put Argentina in an uncomfortable place and placed it in one of the worst positions in the world.
It is that the monthly increase of 7.7% registered in March was well above and far from the median value of a ranking of 38 countries, where it stabilized around 0.6% in the same period, according to a survey carried out by Nadin Argañaraz, head of the Institute for Fiscal Analysis (IARAF).
read more here
17.04.2023 11:27
11:27
The blue dollar opens the week without changes
At the start of a new week, the blue dollar started Monday unchanged from the previous session, trading at $400 for sale and $396 for purchase.
17.04.2023 10:41
10:41
The official dollar opened higher
The official dollar started the week this Monday with a slight rise of $0.50 that raised its price to $221.50 for sale and $213.50 for purchase on the Banco Nación blackboard.
17.04.2023 10:02
10:02
The blue dollar has already touched $400, but in the year it has risen less than inflation: what can happen?
The exchange market will operate again this Monday with attention paid to the performance that agriculture can achieve in the second week of the "soybean dollar 3" and before a parallel segment where the dollar appears more in demand and that translated into prices.
On Friday, the blue closed at $400, its highest nominal mark in history, while the MEP and the cash with liquidation ended at $398 and $404, respectively.
The expectation of the City is that as the wheels run, the agricultural liquidation mechanism will oil up and the Central Bank will be able to partially recover its buying position, at least for these 45 days of greater supply in the market.
Last week, the Central managed to buy some US$ 300 million in the market, thereby reducing its negative balance for this month.
Read more.
17.04.2023 09:17
09:17
The UBA gave the go-ahead to the ANSeS debt swap: what the opinion says
Worried about rebuilding reserves and reducing uncertainty about the dollar given the tensions that caused the blue to close at $400 on Friday, the government is preparing to resume the bond swap suspended for a month.
To activate said operation, it was necessary for the UBA to make known the opinion that Sergio Massa requested after the commotion that the financial operation generated.
What does that report say?
The Faculty of Economic Sciences approved the opinion and indicated that the operation proposed by the Minister of Economy has "a neutral effect" and does not imply "a patrimonial loss" for public organizations.
Read more.
17.04.2023 08:35
08:35
Due to the drought, Massa is now negotiating with the IMF a relief in the fiscal adjustment
Sergio Massa decided to take a short break and this rainy Sunday he spent with his family.
After a series of meetings in Washington and the visit of US officials to Argentina, the Economy Minister is preparing for another intense week.
His team, headed by Leonardo Madcur and Gabriel Rubinstein, has already resumed negotiations to review the agreement with the agency in view of the impact of the drought.
At Massa's request, last month the Fund modified the reserve accumulation target in order to comply with the program.
And now the loss of collection due to the drop in exports of up to US$ 15,000 million has become another factor that puts the fiscal goal at risk.
Within this framework, the Government seeks new relief that allows it to reach the elections without the agreement signed a year ago exploding, as happened to Mauricio Macri.
Read more.
17.04.2023 08:00
08:00
alcadio ona
With inflation running rampant, the risk of a double-digit month arises
It is certainly hard work, one could say unhealthy, to be the spokesperson for a government that does not hit one and is decidedly going downhill like the one managed or misgoverned by Alberto Fernández, Cristina Kirchner and Sergio Massa.
But no matter how great the commitments with the principals are, a bit of decorum never hurts, something that smells different from the politics of permanent manipulation.
The spokesperson Gabriela Cerruti has ruled on the 7.7% inflationary shock that occurred in March: "Most of the analyzes show us that this was the worst moment and that a downward trend began that we hope to see reflected soon."
The specific data shows, to begin with, that 7.7% was the highest record in 20 years and the analyzes warn about the tails of an uncontrolled process and the risk of going to a two-digit monthly index, that is, of resolutely enter the tunnel of time.
Read more.
look also
Coverage, the key to economic decisions from now until the elections
The blue dollar has already touched $400, but in the year it has risen less than inflation: what can happen?
