The blue dollar woke up. Photo: EFE/ Mauricio Dueñas Castañeda
The blue dollar erased last week’s drowsiness and rose again. This Tuesday advancing by two pesos and reaching $ 197the highest level of the last two weeks.
Even in today’s movement, the informal continues to show a downward trend. This resulted in 26 pesos from a maximum of $ 223 who played in the second half of January. And while inflation is leading the race and the official dollar is restructuring, alternative dollars are lagging behind.
The exchange rate gap in the wholesale dollar is 73%far from the 110% it showed at the beginning of the year.
The MEP dollar rose 0.5% to $ 190.4 and yields 3.7% compared to its holding price at the beginning of the year. Cash with liqui also rose 0.7%, reaching today $ 190.2an amount 5.9% below the level last January 2.
Despite these changes the exchange rate is maintained in the market, who still enjoys the calm left by the signing of the Monetary Fund agreement. Added to this were the monetary policies of raising charges and the good results of the first quarter that enabled the Government to easily achieve the objectives set out in the agreement with the IMF.
Seasonality also helps. The liquidation of the yield will allow greater inflow of foreign currency and this, in the midst of the exchange rate trap, should allow the Central Bank. advance on the accumulation of reserves agreed with the Fund.
Lower risk in the country
theThe risk in the country, the JP Morgan indicator that measures the excess amount of debt in Argentina, remains low at 1,700 basis points. On this wheel it yields 0.2% and reaches 1687 points.
It happens while bonds show an overall decline of approximately 1%. Merval also opened lower, with a 0.2%decline. The volume traded in shares after the opening of operations exceeded $ 4.7 million.
International stock markets are now registered a mixed trend while oil operated in the fall in reference markets.
Major European markets tend to trade higher and Wall Street rose in line with forecasts that the U.S. economy would avoid a recession, despite an aggressive monetary policy aimed at curbing inflation.
The war between Russia and Ukraine, global inflation and problems in supply chains are marking the movement of markets.
Hangga’t oil posted losses due to strong dollar and lockdowns in China, although this recession was compounded by production problems in Libya, which reduced its supply by 800,000 barrels per day.
Major indexes of the Asia-Pacific region closed with ups and downs, according to the Bloomberg agency, with a noticeable decline of 2.28% in Hong Kong due to concerns about regulations in the Chinese technology sector.
Meanwhile, the major European stock markets have operated with mixed results: Paris (CAC40) fell 0.40% and Milan (Ftsemib) 0.81%, while London (FTSE 100) advanced with an increase of 0.06%, Frankfurt (DAX) 0.18% and Madrid (IBEX35) 0, twenty% .
In New York, the main index, the Dow Jones Industrials, rose 1.03% to 34,764.54 points.