Dollar today: Blue pulled back, but key price hit $312

{
“@context”: “https://schema.org”,
“@type”: “BreadcrumbList”,
“itemListElement”: [{“@type”:”ListItem”,”position”:1,”name”:”LA NACION”,”item”:”https://www.lanacion.com.ar”},
{
“@type”: “ListItem”,
“position”: 2,
“name”: “Economía”,
“item”: “https://www.lanacion.com.ar/economia/”
}
,
{
“@type”: “ListItem”,
“position”: 3,
“name”: “Dólar Hoy”,
“item”: “https://www.lanacion.com.ar/economia/dolar/”
}
]
}

18:09

How much is the blue dollar trading on Thursday, September 22?

window.addEventListener(‘DOMContentLoaded’, (event) => {
const zoom = document.documentElement.clientWidth {
if (!document.body.classList.contains(‘–no-scroll’)) {
document.body.classList.add(‘–no-scroll’);
modMedia.classList.add(‘–active’);
} else {
document.body.classList.remove(‘–no-scroll’);
modMedia.classList.remove(‘–active’);
}
});
}
});

Even the new restrictions imposed by the Central Bank (BCRA) on the functioning of the financial dollar, by which it kept energy subsidiaries and companies liquidating the “soy dollar” out of the market, could not contain these price increases. Between inflationary pressures, greater issuance of pesos, and a strengthening dollar globally, Today, the parallels reached the highest price since the end of July.

The first surprise of the day came out of hand map dollar, An instrument offered in the capital market that allows for dollarization through the purchase and sale of bonds. For the first time since July 28, when the focus was on the political-economic crisis, it crossed the $300 barrier. Moreover, at the end of the day it closed at $302.90, almost $4 higher than yesterday (+1.3%).

the same thing happened Dollar Counted Settlement (CCL), An instrument that allows payment of greenbacks to a bank account outside of Argentina. In this case it was located $312.16, Daily advance over 6 dollars (+2%).

“The context is clear. Argentina faces a scenario of dollar shortage and peso abundance. This is realized by the constant and constant growth of alternative dollars in the market, Plus inflation, which doesn’t stop its upward movement,” noted financial analyst Salvador Di Stefano.

In the same sense, they noted from the Personal Investment Portfolio (PPI), which emphasized that “the growth of the financial dollar is not surprising” because The “soy dollar” stimulus is an expansionary monetary mechanism. The central bank buys from exporters at $200 (less withholding) and sells to importers at $145. This shortfall is covered by an issue which, according to the stock company’s calculations, is backed by 70% of international reserve assets and 30% of non-transferable treasury liabilities.. De facto, this means “almost zero” support.

“The soybean dollar was a good stimulus, the dollar came in, but it also generated a strong peso issuance, which is under pressure today. If the peso is issued and you don’t have an economic plan as a counterpart, an improvement in expectations that serves as an anchor and there is no growth in the economy to justify it, it puts pressure on the exchange rate. The government’s response to this was a new restriction on companies in the sector. These are the same mistakes they made three years ago: Prohibitions did not weaken the dollar before, not now, not tomorrow.added economist Christian Bouteller.

However, in the opposite directionLittle Trees on Florida Street sold a blue dollar for $285. This was a drop of $2 from the previous day (-0.6%), but still accumulates an advance of $8 when analyzing the weekly run.

Exchange House on Florida Street
Exchange House on Florida Street

The official wholesale rate was trading at $145.16. Which meant a daily advance of 27 cents (+0.2%). by watching gap Against blue, it was 96%; Against CCL, the highest price in the market, 115%.

at the Banco Nación window, The official retail dollar sold for $151, Twenty-five cents more than yesterday (+0.2%). “Solidarity” dollar, At 65% tax, it came to $249.15. “tourist” dollars With a 75% markup, it was being offered for $264.25.

Internationally, fears of a global recession reigned after the US Federal Reserve (Fed) on Wednesday raised interest rates by 75 bps to combat US inflation. To sprout in a new blowToday, the country’s risk increased by 41 units and amounted to 2434 basis points (+1.7%).

This movement of the index prepared by JP Morgan was due to the decline presented by the company bonds On the last debt exchange. abroad they fell to 3.4% (Global 2046); at the local level, 0.7% (global 2030).

Meanwhile, Argentine shares listed on Wall Street (ADR) turned red again. In line with the decline shown by the world stock markets. Globant papers fell 8.5%, followed by Despegar (-6.9%), Edenor (-4.1%) and Mercado Libre (-3.8%).

“Operators can’t absorb reinforcement in tone ¨a hawk¨ [línea dura] yesterday by the Fed. Thus, the decline of Wall Street is deepening, which has not yet found buyers at this level, as a cautious position currently prevails. External bad mood, in an apparently rational climate, affects development And in this way also in domestic assets, where even ADRs, which were more sustainable, are already difficult to separate”, explained Gustavo Ber, head of Estudio Ber.

Despite this, S&P Merval managed a 1.7% rebound to hold the position 149 480 units. This Thursday, the panel of the Buenos Aires Stock Exchange revealed Cresud (+4.3%), Telecom Argentina (+4.3%), Cablevisión Holding (+3.9%) and Central Puerto (+3.7%).

Source: La Nacion

follow:
\