More headlines for the “tourist dollar”: blue jumped to $ 289 and financial dollars went up too

Far from satisfying the race against the weight increased this Thursday, after the new AFIP measures became known, which raised the cost of the dollar for external consumption. The blue dollar rose $ 6 to reach $ 289; while on the stock exchange, liquidity with liquidation rose 1.6% to be on the brink i $ 295, close to its nominal ceiling reached last Friday.

Among the items on a possible modification of access to the MEP dollar, this price which remains the cheapest on the free market and which, despite the restrictions imposed by parking, It has no allowances to be able to dollarizeadded 1.6% and hit nearly $ 285. This Wednesday, Adriano Cosentino He has submitted his resignation to the CNV and there are doubts about how his replacement will handle this type of operation.

AFIP announced on Wednesday evening a 10 percentage point increase in perception on the Income Tax or Personal Property account, which went from 35% to 45% on card purchases abroad, and on that There was already a 30% Country Tax surcharge.

What analysts say

Cohen’s Economist Martin Polo He said: “Obviously putting foreign exchange restrictions in a context where the Central Bank issued a pesos ball taking to the streets in June, generates these tensions in the foreign exchange market.” Only so far this month, the dollar counted at liquidation increased by almost 17%, which brings the annual accumulated to around 46%,

For Giovanni Manuel Franco, of the SBS Group; “The fuel for this increase was the expansion of monetary aggregates. It is true that alternative dollars at higher prices increase the expectation of devaluation as the the commercial incentive for imports is increasingr, hence the recent provisions on imports “.

Will this spike in parallel exchange rates have a ceiling? Francesco Mattig, di Consultatio stated: “The dynamics of parallel dollars, very short, maybe you find some resistance at 300hand in hand with the short-term impacts of the Batakis plan and the political and market truce “.

“What we have to ask ourselves is how sustainable the tax plan is in political terms (i.e., in short, social). And on this will depend the fate of the gap towards the end of the year “, added Mattig.

Asked if the deepening of the parallel dollar exchange jump puts more pressure on prices for July. Franco warned “The high frequency data we monitor indicates a inflationary acceleration so far this month, following monetary expansion as well as import provisions and rising financial dollar prices “

“To reduce inflation, it will be essential to give concrete signals on the fiscal side that will ease the pressure on the sources of Treasury funding,” added the economist.

In the official market, the “solidarity” dollar for hoarding ended at $ 223.02 in banks. Meanwhile, the new “tourist” dollar with PAIS tax and a 45% earnings surcharge increased 6.1% to $ 236.54.

In the wholesale segment, the Central Bank has allowed the exchange rate to rise to $ 128. If it is expected for a month, it will increase by $ 19. Cents, the depreciation rate that accumulates an increase of $ 1.2 so far. this week. If it is projected for another month, the devaluation rate

According to PR operator Corredores de Cambios, Gustavo Quintana: “On another day with energy import payments of around $ 100 million, BCRA was able to finalize its stake today with purchases of nearly $ 10 million. “

Despite the President’s spokesperson, Gabriela Cerruti, announced earlier Thursday that “the market believed Silvina Batakis”, the prices of financial assets continued to show strong mistrust. In an adverse environment for global markets, Argentine bonds fell 1.1% and led to country risk closing at 2,756 units.

On Wall Street, Argentine stocks fell more than 9%, led by Ternium. This caused the local stock market to close by 1.2%. Measured in dollars. the Merval index has lost 2.6% since the beginning of July and 18.7% so far this year.