The blue dollar remains at $ 239, but the financial dollars continue to rise

After a seven-pesos jump in yesterday’s session, the blue dollar remains steady $ 239 this Wednesday. While the informal pauses, the financial dollars maintain the upward trend and the count with liqui exceeds $ 250.

The major restrictions the government has ordered to curb imports and prevent dollar bleeding have skyrocketed alternative dollar prices so far this week.

Uncertainty about economic performance coupled with escalating inflation and rising energy imports have led to increased demand for dollars, which has led the government to tighten the exchange rate. The consequence was that some of the demand was channeled into alternative dollars, which pushed prices up.

The blue dollar was up 13% in the month and the same percentage in the year. This leads to the exchange rate gap against the wholesale dollar, which is now trading at $ 125to 90%.

The MEP dollar, which is listed on the Buenos Aires stock exchange, rose 0.7% this Wednesday, $ 245.7while cash with liquidity or CCL, the one used by companies, advances by 0.5%, al $ 251.2. Here the gap with officialdom already reaches 100.8%.

So far this month, alternative dollars have risen sharply. The MEP and the CCL grew by 18 and 19% respectively, while in the year they increased by 24%.

For its part, the official exchange rate increased by 4% in the month and by 20% in the year.

In any case, dollars lose the inflation race which is about to close the first half with an increase of around 34%.

Lower country risk

In this round, country risk also took a break in the opening, making it 3% and stands at 2434 basis points. Yesterday the JP Morgan indicator that measures the premium paid by Argentine debt had exceeded 2,500 points.

In the year country risk rose by 43%, in a spiral that reflects the debacle of the Argentine bond. The negative streak continues today for dollar stocks, losing up to 3% e drag a drop of 37% over the year.

In this round, however, the securities in pesos are recovered after yesterday’s tender by the Ministry of Economy, which managed to renew the 248 billion dollars expired and also add an extra amount, at the cost of raising interest rates to bring them over 60% per annum.

After this operation, today the Boncer 24 and the Boncer 26, two stocks that adjust their performance to the rhythm of inflation, increase by approximately 1%.

Merval drops 1% on opening of the Buenos Aires stock exchange and Argentine ADRs listed on Wall Street lose up to 4%driven by the bad performance at the wheel of Cresud and YPF.

The Argentine newspapers thus distance themselves from what is happening in New York, where Today the markets have registered a positive trend. and its main index, the Dow Jones Industrials, gained 0.33% to stand at 31,050.58 points.

Meanwhile, the selective S&P 500 index traded 0.28% up, while tech Nasdaq rallied 0.02%, according to Bloomberg.