The blue dollar has fallen.
The blue dollar fell fifty cents on Thursday and returned to $ 204.5. Instead, financial dollars started on an upward trend, as bonds and shares moved mixed.
until this month, the blue dollar advanced three pesos, 1.5% and so far this year has dropped two pesos, a decrease of 2%.
so, the informal dollar follows a different path than the official dollar and inflation. The wholesale exchange rate has risen to $ 117.25, an advance of 18 cents per day. During the month, the wholesale dollar rose 1.7% and during the year, 13.5%. The savings dollar, which moves at the rate of the official exchange rate, stands at $ 202.1 on average of banks.
The MEP dollar, which trades on the Buenos Aires stock market by buying and selling bonds and shares, is up 0.6% and is located in $ 207.5. In the month the increase was 0.5% and in the year, 4.9%.
Liquid cash, which allows foreign currency to be withdrawn from the country by operating in public and private securities, rose 0.2%, up $ 208.3. It rose 0.7% in the month and 3.1% in the year.
None of the dollars have been able to beat inflationto rise about 22% per year. The official number will be known this afternoon, when the Consumer Price Index (CPI) for April is released.
Inflation data will be the key to the economy of the day, which in turn will be decisive in defining rate increase that the Central Bank is expected to apply to tempt investors to stay on the peso and thus remove pressure on the dollar.
If now, after knowing the CPI data, Central confirmed the rate increase, it would be the fifth increase so far this year.
This week, the Central Bank halted its purchases in the Single Free Exchange Market (MULC). Then bag $ 635 million in the first six rounds of May, yesterday he had to sell $ 20 million. Thus, the balance for the month was reduced to US $ 615 million.
In the first week of May, agro-exporters liquidated $ 1.4 billion. The Rosario Cereal Exchange estimates that the month could close with a record settlement of $ 4 billion and the year will end with a favorable balance of $ 51 billion.
The Central Bank takes advantage of the high flow of foreign currency to shop without the risk of rising prices of alternative dollars.
Central’s foreign exchange accumulation in this quarter -the one with the highest liquidation of the field- will be determined to meet the objective of $ 5.8 billion of net reserves established in agreement with the Monetary Fund.
Bonds and stocks
Yesterday the bonds and shares had a strong rise and now they are moving in mixed tones. Public securities dropped less than 1% and the Merval increased by 1%.
Among Argentine stocks listed in New York, the rise was dominant. The highlight is the recovery of Mercado Libre, that is increased by 8.5% after a 12% crash yesterday. The same is happening with Globant, which rose 3.6%.
‘For its part, the country’s risk dropped by 1.2%. JP Morgan’s indicator that measures the excess rate Argentina must pay for borrowing affects 1835 basis points.
AQ
Source: Clarin
