After a $2 hike, the blue dollar closed Thursday at $361, a new nominal high. At half a wheel, the ticket price had reached 362 dollars, which becomes the highest historical figure.
New in development
The dollar does not stop its escalation
For the fifth straight round on Thursday, the blue dollar rallied again, climbing another $2 to close at $361, a new nominal high. At half a wheel, the ticket price had reached 362 dollars, which becomes the highest historical figure.
Dollar bonds performed mixed
Debt securities saw little gain on Thursday. The gains were led by AL41 (1.1%), while among the bonds that lost the most, GD35 (-2%) led. Country risk reached 2,000 points and ended in 1993.
The financial dollars flew: they came to increases up to 14 pesos
The MEP dollar, whose price is the result of bond trading, closed at $342.38, $14.68 more than last session. Meanwhile, the CCL dollar, the one used by companies to remit foreign currency, rose by seven pesos to $344.27.
The blue dollar closed at $361
The US currency in the parallel market rose by two pesos on Thursday. During the day it had touched 362 dollars and then renounced a peso. It is found in record numbers since the release of the convertible.
The Central Bank closed the session with a neutral balance
Thus the monetary authority has already acquired $3 million in Monday’s session, $12 million on Tuesday and $4 million on Wednesday.
Central added $61 million last week, and as of this Thursday’s result, it hit seventeen consecutive days without sales in the segment where banks and large corporations operate.
The official dollar remained unchanged
The price of the US currency on Banco Nación’s boards ended up at $187.75 for the sale.
December inflation was 5.1% and closed 2022 at 94.8%
Inflation for the month of December 2022, the latest measurement for the past year, was 5.1%, according to the consumer price index (CPI) reported this Thursday by the National Institute of Statistics and Census ( INDEC). Therefore, the figure accumulated over the last twelve months is 94.8%, ending the worst year in more than three decades. Read more.
Blue gives up $1 and trades again at $361
The blue dollar dropped $1 and returned to trading at $361 after hitting a new nominal high of $362.
The blue dollar continues to rise and reaches a new high
The US currency piled up a $3 hike in the parallel market on Thursday and is trading at $358 to buy and $362 to sell.
Blue continues to rise and is trading at $362
The blue dollar continues to climb, up $3 year-to-date
Financial dollars continue to rise
The settled cash dollar was up 1.1% to trade at $340.74, while the MEP dollar (or stock dollar) was up 2.4% to trade at $335.42.
The blue dollar continues to rise and reaches a new high
The blue dollar piles up a $2 hike so far this Wednesday and hit a new high by trading at $361.
The US currency trades in the informal market at $357 to buy and $361 to sell.
Merval climbs 1.17% and Argentine ADRs on Wall Street climb 4.7%
The S&P Merval index rose 1.17% and settled at 227,369.64 units on Thursday after the Buenos Aires market half-round, while shares of Argentine companies on Wall Street rose 4.7%.
In the first local panel, the newspapers of YPF and Transportadora Gas del Sur recorded increases of 4.06% and 2.73% respectively.
Meanwhile, ADRs of Argentine companies on the New York Stock Exchange marked the bulk of the gains, on a day when Mercadolibre led that lot with a 4.7% increase.
The blue remains in its historical record
The blue dollar is trading at its all-time high and is trading after 1:30 pm at $356 to buy and $360 to sell.
Inflation in the United States: in December it fell again and reached 6.5%
Inflation in the US fell again in December to a rate of 6.5% from a year earlier, the government said on Thursday.
This reinforces hopes that it will continue to decline throughout 2023, perhaps requiring less drastic measures by the Federal Reserve to control it. Read more here.
The Buenos Aires Stock Exchange operates with an increase of 1.56%
The Buenos Aires Stock Exchange. Photo: Reuters.
The Buenos Aires Stock Exchange traded at the open on Thursday with a 1.56% gain in its main index, the S&P Merval, which settled at 228,135.60 points.
Meanwhile, the volume traded in shares exceeded $60.5 million.
Financial dollars are trading higher
The cash dollar on settlement rose 0.7% to trade at $339.46, while the MEP (or equity dollar) rose 1.3% to $331.97.
Blue goes up $1 and is trading at $360
The US currency was up $1 earlier Thursday in the informal market and is trading at $360.
Therefore, the blue dollar is trading at $356 buying and $360 selling, the same figure it held for an hour on Wednesday before breaking down and closing at $359.
The price of blue at $360 is the currency’s all-time high in the parallel market.
They will compensate the wool producers with the soy dollar income
Sheep in El Calafate, Santa Cruz.
With Resolution 11/2023 of the Ministry of Economy, published today in the Official Gazette, the Economic Compensation Program for small and medium-sized sheep wool producers in the Patagonia region or Wool Program was created within the Ministry of Agriculture, Livestock and Fishing de la Nación, which will be financed with funds from the Fund for the Increase of Exports (PIE), better known as the soybean dollar, created by article 9 of decree n. 576 of September 4, 2022. The total amount that will be available will be up to $1,500,000,000.
The beneficiaries of the Wool Program will be sheep wool producers in the provinces of Río Negro, Neuquén, Chubut, Santa Cruz, Tierra del Fuego, Antarctica and South Atlantic Islands and the Patagones district of Buenos Aires who keep sheep herds at the date publication of the provision and who have registered on 31 March 2022 a presence of sheep for a total of 5,000 heads or less.
Compensation will be $600 for each shearable animal, excluding those that match the lamb category. Read more here.
The official dollar opens unchanged
The official dollar opened unchanged on Thursday and is trading at $179.75 for buying and $187.75 for selling at Banco Nación.
The government will seek joint deals not to exceed 60% this year
Labor Minister Kelly Olmos.
The nation’s Labor Minister, Raquel “Kelly” Olmos, confirmed that the national government will work to ensure that wage increases do not exceed 60% this year, as Clarín had predicted.
“It would converge towards the planned level of inflation plus a certain point of recovery, adding that reducing inflation also implies an improvement in the purchasing power of wages,” Olmos stressed. Read more here.
The blue dollar hit its all-time high and closed at $359
The US currency hit its all-time high on Wednesday trading at $360, but dropped $1 at the close to finish the day at $359.
Sharp adjustment in imports: in December they had an annual decline of 13%
In the last month of 2022 the tourniquet tightened even more on imports which would have amounted to only 5.380 million dollars, 13% less than in the same month of 2021. The curb on purchases from abroad is the recipe chosen by the government to cushion the outflow of foreign exchange. Although last year’s exports were record-breaking, dollars are still not enough to cover the multiple fronts of the local economy.
The official foreign trade record for December will be released on January 19. Based on previously known data on tax collection, IERAL calculates that imports for that month would reach $5.38 billion, down 13.4% year-on-year. Read more here.
Source: Clarin
