Market uncertainty continues due to the dollar price.
News in development
After hitting $ 280 on Monday after Silvina Batakis was appointed, the dollar closed lower on Tuesday and was trading at $ 252.
Financial dollars were also trading lower: liquidity with liquidation closed at $ 274.16 and the MEP at $ 263.
06.07.2022
09:01
Martín Lousteau, tough on the government for changes in the economy: “They made a substitute, a reality show”
Martín Lousteau did not reflect with the ruling party when he reported this Tuesday on how Martín Guzmán left the Ministry of Economy and the arrival of Silvina Batakis in that wallet. The senator, former head of the Palacio de Hacienda, said that “the government, in all its parts, has decided to turn a replacement for a minister into a reality show”.
“I lived in disbelief for what happened. They generated overwhelming anguish. Meanwhile, we have seen in several places that there was an exaggeration in the value of the crypto dollar, the potential collapse of bonds. That part seems less important to me than the daily impact. Despair, despair, frustration because history repeats itself ”, Lousteau illustrated. Read more here.
06.07.2022
08:43
Natalia Muscatelli
The political crisis and the hot dollar fuel fears of rising inflation
Among the many open fronts that the new Minister of Economy, Silvina Batakis has, inflation leads the agenda with characteristics of urgency. It happens that, in recent days, the rise in the dollar has put industrialists and traders on alert. With the argument “having no reference prices”, some companies have decided not to sell their products for fear of not being able to replenish their stocks against the rise of the dollar. Those who did, first applied important observations.
These price movements so far in July add to the inertia that inflation has had, which has accumulated 29.3% so far this year through May. In the coming days, INDEC will announce the June figure, which has already been discarded, will be higher than that of May: it will be close to 5.4%, according to economists, removing the possibility of the expected slowdown by the government. That 5.4% is already seen as a “floor” for July. Read more here.
06.07.2022
08:41
Martin Grossz
Sell dollars at the best price: what is the legal option that pays more than blue today
In the midst of the new crisis, which has led to further stock reinforcements and even the resignation of the economy minister, many have rushed to buy dollars at any price in recent days. And that pressure has caused prices to rise again, which can now be taken advantage of by those with US currency to sell.
It is true that the current context invites more to save “green” than to get rid of it. But the need for pesos to pay off debts or make ends meet sometimes makes it necessary to forgo some savings. And also, for those who believe the market has overreacted after Martín Guzmán’s departure, the new values are tempting. Read the full note here.
Source: Clarin