The blue dollar falls.
On the last day of the week, the blue dollar fell by a peso and was sold for $ 238. During the week it rose by twelve pesos and is close to the peak in price it has had so far, of $ 239.
As blue drops by a peso, pressure is being felt this Friday from the savings dollar, to which it is trading today $ 216 and becomes the cheapest on the market. On this first day of July the share of 200 US dollars for the purchase was renewed and there is a virtual queue in the home banks to obtain these currencies.
The jump into alternative dollars in the second half of June pushed home banking purchases, where due to the multiple restrictions that exist it can only buy less than 1 million workerss formal and retired.
As for financial dollars, they exhibit slight ups and downs in this wheel. The MEP dollar which is traded on the Buenos Aires stock market, increases by 0.25 to $ 248.6. While liquidity with liqui fell by 0.4%, a $ 251.7.
In June, the blue dollar rose 13%, while the MEP advanced by 19.5% and liquidity (CCL) by 20.1%. What lagged furthest behind was the official dollar, which moved 4.2% and slowed the pace in May, when it advanced 4.4%.
For its part, the retail dollar was trading after midday $ 124.10 for the buy and $ 130.72 for the sale, up 28 cents from yesterday’s close.
The wholesaler retails for $ 125.4, which brings the gap with casual to 90% and cash with 100% liqui,
In the fixed income segment, dollar bonds posted increases of up to 4.5% as the wheel opened. while pesos securities recorded increases of up to 3.1%.
Therefore, the country risk remained unchanged until 2,374 basis points.
The S&P Merval index up by 0.38% phalf a wheel was roasted in the Buenos Aires market, while the shares of Argentine Wall Street companies operated with ups and downs.
In the leading panel of the local stock exchange, the newspapers of Pampa Energía and Telecom Argentina it recorded increases of 2.81% and 2.27%, in order.
The ADRs of Argentine companies on the New York Stock Exchange operated unevenly, with increases of up to 2.5% in the case of Pampa Energía and decreases of up to 3.2% in the Cresud stake.
Pessimism in New York
New York stock markets lost ground this Friday, continuing the streak that led to Wall Street entering last month what is technically known as bear market. Investors fear that inflation will be hard to beat and so on a recession could be on the way.
The sharp decline in the market this year almost completely wiped out the gains of 2021, which was a successful year for the market exiting its previous bear market in early 2020.
S&P 500 Index Falls 0.18%, while the Dow Jones Industrial Average fell 0.16%. The Nasdaq fell 0.31%.
In the first half, as a reflection of that pessimism, the S&P index lost 20% year on year, in what was the strongest decline in 52 years,
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Source: Clarin
