2023-05-17 03:01:00
He Central Bank closed this Tuesday with purchases for 40 million dollars in the exchange market, with which he extended the purchasing streak to eight consecutive rounds, in a day in which payments for energy imports were registered for regarding 50 million. The results of the day are in line with the launch of a new edition of the Export Increase Program, with a temporary differential exchange rate of 300 pesos per dollar for the soybean complex and regional economies.
In this way, the balance for the month of May – following the sales of the first wheels – reflects a negative balance of 51 million dollars, said Gustavo Quintana, an analyst at PR Corredores de Cambio. In turn, market sources indicated that within the framework of the so-called soybean dollar, operations for close to 110 million were completed.
Regarding the foreign exchange market, the retail dollar closed at 242.36 pesos on average, with a rise of 98 cents compared to Monday. For its part, the so-called dollar blue operated with an increase of five pesos, to 488 pesos per unit. Meanwhile, in the stock segment, the cash dollar with liquidation (CCL) advanced 2.4 percent, to 484.27 pesos; while the MEP rose 1.1 percent, to 442.57 pesos, in the final stretch of the wheel.
In the wholesale market, the US currency ended with an increase of 40 cents compared to the previous closing, at 231.10 pesos. Thus, the dollar with the 30 percent surcharge – contemplated in the COUNTRY tax – marked an average of 315.07 pesos per unit, and with the 35 percent advance on account of the Income Tax on the purchase of foreign currency. , at 399.89 pesos.
Meanwhile, the dollar destined for tourism abroad -and which has a rate of 45 percent- was located at 424.13 pesos, while for purchases over 300 dollars -and which has an additional tax of 25 percent -, was located at 484.72 pesos. The volume traded in the cash segment was greater than 312 million dollars, in the futures sector of the Electronic Open Market (MAE) 7 million were traded and in the futures market of Rosario business was carried out for 377 million.
At the international level, financial tensions in the United States continue to accelerate. Treasury Secretary Janet Yellen warned Tuesday that the United States might default on June 1 if Congress does not approve the debt ceiling hike, saying a default would trigger “an economic storm and unprecedented financial situation that might lead to a recession.
Joe Biden’s official stressed that waiting until the last minute to act might have serious consequences for business and consumer confidence. “In my assessment, a US default would cause an economic and financial catastrophe,” Yellen told the Independent Community Bankers of America group. In this regard, she argued that American families, households and firms “worked hard in recent years to build a historic economic recovery” and noted that “a payment default would reverse this trend.”
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