The blue dollar dropped one peso this round and closed at $353. After the rise at the end of 2022, when it closed at $354, today’s is the first drop of the week.
The new year began with stability on the foreign exchange market after the increases in the last few days of 2022. The MEP dollar, traded on the Buenos Aires Stock Exchange, fell by 1.2% and was sold at $330.7while cash with liquidity, the way companies choose to become dollarized, climbs 0.7%, a $342.
This exchange rate calm has helped the Central Bank to rebuild its reserves. On this wheel bought 56 million dollars, in what was the best start to the year since 2021.
With purchases of 3 million dollars on Tuesday and 2 million dollars on Tuesday -he had a neutral result on Monday-. The postoffice adds purchases for US$61 million in the week.
Throughout 2022, the Centrale was able to buy 5,824 million dollars and passed the 2021 milestone of $300 million. This increase was possible thanks to the effect of the soy dollar, which allowed the monetary authority to pocket 6.5 billion dollars in the two editions of this program,
rising markets
The S&P Merval Index +4.2%while shares of Argentine companies on Wall Street soared as much as 7%.
In the main local panel, the newspapers of the Transportadora bank Gas del Sur and YPF, both with increases of more than 6%.
Meanwhile, ADRs of Argentine companies on the New York Stock Exchange marked the bulk of the gains, on a day when Supervielle led that lot up 7%.
In the fixed-income segment, dollar-denominated bonds recorded falls of up to 2%, while securities in pesos recorded gains of up to 0.6%.
In this context, country risk, the JP Morgan indicator which measures the excess cost of debt, increased by 1.4% reaching 2,118 basis points.
AQ
Source: Clarin
