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The blue dollar already reaches $ 480 in another hot day in the financial market

2023-04-25T15:00:35.292Z


It jumped $18 at the open and $38 from Friday's close. The financial dollars accompany the rise and the cash with liquid exceeds $ 467.


For the eleventh consecutive round,

the blue dollar is on the rise

and this Tuesday

it jumps $18 and reaches $480

 at the beginning of the exchange day.

The currency

thus accumulates a jump of $88 

since the beginning of April and puts pressure on all the variables of the economy.

It also puts pressure on internal politics: on Monday

 the President had to "ratify in office" central banker Miguel Pesce

in a climate of high tensions among the government's economic figures.

After the $20 jump on Monday, there is a lot of price

dispersion

on the street ,

few trades

and a lot of tension.

"There are no dollars

," an operator

told

Clarín

The rise of the blue this Tuesday in the street is accompanied by a

firm demand for dollars in the market

, while in the City they are expectant for the income of the agricultural dollar and the announcements of new disbursements of "fresh dollars" that Sergio Massa is preparing for this week,

On the Stock Market, both the cash with liquidity and the MEP dollar began the day rising:

the former jumps 1.5% and remains on the verge of $470,

while the rise of the MEP, the only "free" and "legal" price "for ordinary savers it is higher: it reaches

almost 3% and settles just below $462.

All parallel listings were lagging

behind inflation this year.

But, with this latest

"run"

that began slowly but persistently since April 10, they were already able to beat the rise in the rest of the prices in the economy.

Cash with liquid advances 36.4% and the MEP dollar accumulates an increase of almost 41%.

To prevent the gap from shooting above 120% and entering a crisis zone, the Central Bank yesterday raised its daily rate of devaluation to 8.2% monthly.

"If the rhythm of the crawling peg of the last 5 days until the end of the month is maintained, April will close with a rise of 6.9% compared to the last day of March and an average rise of 6.6% month-on-month, 0.7 % above what was expected in the REM", indicated in Cohen.

The fragility of the reserves and the poor performance of the "agricultural dollar", the last rabbit in Sergio Massa's galley to reach PASO safely, at least at PASO, worry the market. Before noon, exporters had entered little more than US$5 million to the wholesale market that were purchased at $300.

Until yesterday, agriculture had liquidated US$1,390 million and the Central Bank had been able to buy US$710 million.

look too

Electricity bills: the Government says that there will be no more increases this year and the comprehensive review of rates for 2024 begins

Agricultural dollar: the Government incorporated three more products so that they can be exported at an exchange rate of $300

Source: clarin

All business articles on 2023-04-25

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