After Tuesday’s eight-weight jump, the Dolar blue it remained at $354 on sale this Wednesday in the parallel market. The price, minute by minute, in the coverage of clarion.
New in development
The blue dollar is trading at $354
The foreign currency in the parallel market remained unchanged after rising by eight pesos on Tuesday.
Argentine stocks gain the most on Wall Street
ADRs had good gains this Wednesday. Despegar grew by 7.2%, BBVA by 6% and Cresud by 4.7%. Among the losses, Tenaris led the losses with a decline of 4.3%.
The CCL dollar closed at $339.36
The instrument used by businesses to send foreign currency abroad saw a sharp decline of five pesos. Meanwhile, the MEP dollar, obtained from bond sales, remained unchanged at $330.56.
Dollar bonds are up 2.8%
Debt securities finished with the most gains led by the AL30 (2.8%) followed by the GD30 (2.7%) and AL29 (2.5%). Country risk fell by 1.9% to a total of 2,112 points.
The blue dollar closed at $354
Foreign currency in the parallel market closed unchanged from Tuesday’s price. In the last wheel he had jumped eight weights.
The CCL dollar drops by four pesos
The instrument used by companies to transform currencies is trading at $340.23. Meanwhile, the MEP dollar, which comes from the buying and selling of bonds, trades unchanged at $330.48.
The official dollar closed unchanged
Foreign currency on Banco Nación’s boards ended up at $185,750 in the sale.
The Central Bank closes with a positive balance
The monetary authority recorded purchases of 2 million US dollars on the foreign exchange market.
The blue dollar remains unchanged and trades at $354
The US currency remains unchanged four hours after the opening of the informal market and trades at $350 to buy and $354 to sell.
The country risk yields and settles at 2,151 points
The indicator developed by the JP Morgan bank yields 0.9% and stands at 2,151 basis points.
Merval climbed 0.12% and Argentine stocks on Wall Street are trading up and down
The goalkeeper’s bag Photo: Lucia Merle.
The S&P Merval index rose 0.12% on Wednesday to settle at 198,659.28 units after the Buenos Aires market half-round, while shares of Argentine companies on Wall Street traded on and off.
Shares of Cresud and Grupo Supervielle recorded gains of 4.38% and 2.93%, in order, in the top panel of the Buenos Aires Stock Exchange.
The ADRs of Argentine companies on the New York Stock Exchange had an uneven trend, with increases of 5.2% in the case of Cresud and decreases of up to 4.4% in the Tenaris card.
Slight increase in country risk
Country risk increased slightly on Wednesday and stands at 2,172 basis points, a change of 0.88%.
The indicator developed by the private bank JP Morgan evaluates the risk for foreign investors to lend money to each country.
The Brazilian stock market opens higher after two days in the red: the Minister of Economy explains the reasons
After two consecutive days of decline following the hiring of Lula da Silva in Brazil, the São Paulo Stock Exchange opened on Wednesday. Economy Minister Fernando Haddad said the stock market drop on the first working day of the new government was the markets reaction to the “legacy” of the hidden deficit left by Jair Bolsonaro.
“It wasn’t a speculative attack,” Haddad explained. And he added: “People (from the financial market) know what happened in Brazil in 2022, they believed that there was a climate with the economy going to a good port, but this climate was canceled with the presentation of the real numbers . ” Read more here.
The blue dollar opens unchanged and trades at $354
The US currency opened unchanged in the informal market and is trading at $350 to buy and $354 to sell.
Exchange of information: the United States has confirmed that it will not be retroactive and that data will only be received in 2024
The Minister of Economy, Sergio Massa, together with the US Ambassador to the country, Marc Stanley.
After the Farnesina declared the exchange of financial information with the United States on Monday, the US Treasury updated the validity of this agreement on its website: it has been in force since 1 January and the country will receive the first cut off information, corresponding to 2023, in September next year.
On Monday, the Argentine Foreign Ministry gazetted the agreement signed with the US government and then set a formal start date for the agreement for the massive exchange of tax information so that AFIP has the data at its disposal on Argentine accounts in the American banking system. Read more here.
The official dollar opens unchanged and trades at $185.75
The official dollar opened unchanged on Wednesday and is trading at $177.75 for buying and $185.75 for selling at Banco Nación.
The five reasons driving the rise of the blue dollar
The blue dollar shakes off its year-end hangover and climbs again. It closed at $354 on Tuesday, up eight pesos from Monday when it closed at $346.
Blue’s upward readjustment comes as no surprise to the market. At the start of the holidays, casual tends to go up for seasonal reasons. Read the full note here.
The blue dollar closed on Tuesday at $354
After Monday’s sharp drop, foreign currency in the parallel market jumped again by 8 pesos in just one day.
On Wall Street, only Edenor shares stood out
ADRs have traded with the most falls and some small rises. The exception was Edenor’s card, which jumped 8%.
Dollar bonds finished on a mixed note
Debt securities rose 3.3% led by the AL30. They are followed by AL29 (2.4%) and GD30 (1.3%). Among the losses, AL41 (-1.6%) and AE38 (-1.5%) decreased. Country risk fell by 2.7% to 2,153 points.
Financial dollars ended up changing slightly
Towards the end of the wheel, prices approached Monday’s close. The CCL dollar fell $1.62 to $343.26. Meanwhile, the MEP dollar closed at $330.70, up just over a peso.
The blue dollar closed at $354
After Monday’s sharp drop, foreign currency in the parallel market jumped again by 8 pesos in just one day.
Lower country risk
The index elaborated by JP Morgan fell by 1.3% to 2,177 points.
The blue dollar is trading at $354
The US currency in the parallel market adds another weight to the day.
The official dollar closed at $185.75
The US currency on Banco Nación’s boards rose by one peso this Tuesday in its selling price.
The central bank bought $3 million
The monetary authority, no longer driven by the soybean 2 dollar, closed the day in positive balance.
Financial dollars operate on a mixed path
The MEP dollar, which is obtained from buying and selling bonds, is obtained at 331.24 dollars, two pesos more than at Monday’s close. Meanwhile, the CCL dollar dropped by four pesos to $340.73.
European stocks close higher
European stocks closed sharply higher on Tuesday, continuing their momentum from the day before and ending the negative trend of 2022.
Madrid rose by 0.42%, Paris by 0.44%, Frankfurt by 0.80% and Milan by 1.15%. The London stock market, which closed on Monday, was up 1.37%.
The blue dollar rises to 353 dollars: what are the five reasons driving the climb
The blue dollar shakes off its year-end hangover and climbs again. At noon this Tuesday it trades at $353a seven peso increase from Monday’s close, when it closed at $346.
Blue’s upward readjustment comes as no surprise to the market. At the start of the holidays, casual tends to go up for seasonal reasons. In this note, the five reasons that push him to the top. Read more
From US$100 to Less than US$1: The Loss in Value of the $100 Banknote Since Its Inception in 1992
It has been 31 years since the $100 note was released. In 1992, in full convertibility, the Casa de la Moneda ordered what for more than 26 years was the highest denomination of Argentine coins, worth $100 now, with the blue dollar at $353, it is barely equivalent to 0.28 cents of US currency.
Comparisons are odious: in 1992 a 100 dollar bill allowed you to buy 33 kilos of meat for 3 dollars each. In 2023 it is enough for less than 100 grams.
Measured in 500 gram packs of yerba mate, there are 93 fewer in the last 30 years. From 93.5 packs at just over $1 to nearly a quarter of a pack with a shelf value of over $360. Buy 33 pounds of beef at $3 each. In 2023 it is enough for less than 100 grams. Read more.
Blue continues to rise and reaches $353
The blue dollar jumped again this Tuesday and is now reaching $353 for sale on major trading houses. To date, the parallel currency has a balance of seven pesos up.
The dollar trades at $185.25 at Banco Nación and the CCL falls to $342.41
The dollar traded at $177.25 buying and $185.25 selling at Banco Nación this afternoon, while on the exchange the Settled Dollar (CCL) fell 0.7% to trade at $342. 41.
For its part, the MEP or the stock market dollar rises by 1.1% and is traded at $332.69.
Meanwhile, Argentine country risk stands at 2,213 basis points, according to the JP Morgan index.
Wall Street opens first session of year higher as Dow Jones rises 0.44%
Wall Street opened its first session of 2023 in the green on Tuesday and the Dow Jones Industrials, its leading indicator, gained 0.44% after investors ended 2022 with a loss.
Ten minutes after the start of trading on the New York Stock Exchange, the Dow Jones rose 147.15 points, to 33,294.40 units, while the selective S&P 500 gained 0.79% or a whole 30.48, to 3,869.98 points.
The composite index of the Nasdaq market, where major technology companies are listed, was the one that climbed the most with a 1.19% increase or 124.68 units, to 10,591.16 integers.
The S&P 500 fell 19% last year, the biggest drop since 2008.
Investors are starting 2023 the same way they ended last year: with their eyes on inflation and fearing that US Federal Reserve (Fed) actions will send the economy into a recession.
Strong rise of the blue at the beginning of the day
Source: Clarin
