Free dollars started the week with further declines on a key day for the Government. Today the Minister of Economy, Sergio Massa, met with the head of the International Monetary Fund (IMF) to analyze compliance with the goals agreed upon at the beginning of this year, in the closing of his tour of the United States.
In the first session of the week, the little trees and caves of the city Buenos Aires they sold blue dollars at $272, down $2 from last Friday’s close (-0.7%). In other Argentine provinces, the value of parallel dollar was positioned higher. For example, in Tierra del Fuego and Santa Cruz it was quoted at $277; in the interior of Buenos Aires, Córdoba, Salta and Santa Fe, at $275, according to Infodollar.
The MEP dollar, which allows Argentines to become dollarized without an exchange trap, dropped one peso and stood at $270.57 (-0.3%). The counted with liquidation (CCL), a tool used to transfer dollars outside the country, appeared on screens $279.90, one peso less (-0,3%).
“The falls observed were mainly due to the new measure of the ‘soybean dollar’ at $200, together with the prospects of income from fresh funds from international organizations. The visualization of a greater supply of dollars in the month reduced the expectations of a sharp devaluation in the immediate future, which was directly reflected in the prices of free dollars and in the implicit rates of future dollar contracts”, remarked an Ecolatina report.
The wholesale official exchange rate continued to register a higher daily movement. Sold today to $142,28, that is, 90 cents above Friday’s close (+0.6%). Contrasting with the blue dollar, the gap between the two quotes was 91%.
At the window of Banco Nación, the official retail exchange rate was offered at $148.75, that is, $1.25 more than last Friday (+0.8%). If to that value is added a 30% PAIS tax and 35% on the Profit account, it is the “solidarity” dollar, at $245.43. On the other hand the “tourist dollar”, which has a perception of 45% on account of Profits, arrived a $260,31.
With an eye on the risk country, today it yielded 17 units and positioned itself at 2306 basis points (-0.7%). This movement is due to the increase presented by the bonds of the last debt swap, since abroad they advanced up to 1.2% (Global 2035).
On the stock level, the S&P Merval appeared neutral at 144,714 units. When measured to the CCL dollar, it stood at 517 points. “There were 641 rounds that passed without the main Argentine stock index managing to exceed the barrier of 500 points in dollars. The last time had been on January 22, 2020. However, on Friday that limit was broken ”, they rescued from Portfolio Personal de Inversiones (PPI).
On the panel of the Buenos Aires Stock Exchange Transportadora de Gas del Sur (+5.1%), Telecom Argentina (+2.1%) and Argentine Stock Exchanges and Markets (+1.7%).
Argentine stocks listed on the New York Stock Exchange (ADR) recorded mixed variations. On the one hand, the shares of Transportadora de Gas del Sur (+3.9%), Telecom Argentina (+3.8%) and Mercado Libre (+3.2%) rose. On the other, Cresud (-2.1%), BBVA (-1.5%) and Grupo Financiero Galicia (-1.5%) fell.