The alternative dollar quotes to the official exchange control begin to take off from minimum prices in 2022, in the face of an economy that sustains increasing levels of inflation above 50% per year.
The Free dollar gained one peso this Wednesday, at $201 for sale, from the minimum price since last December 21. The “blue” dollar has fallen seven pesos or 3.5% since the beginning of 2022. And in a year-on-year comparison, it maintains an increase of 60 pesos or 42,6%compared to the $141 for the sale of March 31 last year.
In the wholesale market, the dollar ended with a gain of ten cents, at $110.89, and a exchange rate gap of 81.3% relative to the free dollar.
Parities traded through shares and bonds that trade simultaneously in pesos and dollars also exhibited marginal variations. The “counted with liquidation” to make foreign currency that is deposited in accounts abroad, rose one peso, to $193.04 through the Global 30 (GD30C), while the MEP dollar, to credit them in a local account, fell twelve cents to 192,88 pesos.
This Wednesday, the amount operated in the cash segment (spot) was regarding USD 257.6 million and according to private estimates, the monetary entity had to offload regarding $35 millionwhat added to another $40 million sold on Tuesday.
The monetary entity holds a positive balance for its foreign exchange intervention of the order of the USD 350 million so far in Marchfollowing four months with net sales of regarding 1,700 million dollars.
Bonds extended their rally streak
The indicators of the Buenos Aires Stock Exchange rose in business this Wednesday, due to taking positions in investor portfolios following the recent declines, in a square that remains cautious for local and external reasons.
The stock index S&P Merval of the Buenos Aires Stock Exchange gained 1%, at 90,867 pointsto cut an adverse streak of 3.3% between Monday and Tuesday, and to improve 3.2% on Friday, when it was confirmed that the board of Monetary Fund International (IMF) signed the agreement reached with the Argentine Government and approved by the National Congress.
Last week, the S&P Merval panel hit its highest value in two years measured in “counted-settled” dollars, the exchange rate implicit in Argentine ADRs traded on Wall Street.
The dollar bonds ended higher once more this Wednesday for the fifth consecutive session. The emissions Global of the exchange, with foreign law, advanced 0.6% on average in the present wheel and accumulated a 5% gain in the last week.
Also, the risk country of JP Morgan, which measures the rate gap of US Treasury bonds with their emerging peers, subtracted two units for Argentina, to 1,724 points basics at 6:15 p.m.
Abroad, the main Wall Street indices traded with losses, as optimism for the negotiations between Ukraine and Russia faded and while markets were wary of the possibility that a rapid rise in interest rates would damage the US economy.
The main references of the bags of New York exhibited at the close decreases of the order of 0.2% to 1.2%following having recorded its highest figures in two months in the previous session.
For him equity Argentine negotiated in New York, the note was given by 10% drop in the shares of the technology services company Globantfollowing the group of cybercriminals Lapsus $ published this Wednesday passwords of its internal platforms.
The crude oil prices they recovered some of their recent losses and gained 2-3% on tight supplies and the growing prospect of new Western sanctions once morest Russia, even despite signs of progress in Moscow-kyiv peace talks.
crude oil futures Brent of the North Sea rose by 2.1% on the London Stock Exchange, USD 112,49 the barrel, while those of the West Texas Intermediate (WTI) in the United States they gained 3.2%, to 107.57 Dollars.
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