:quality(85)/cloudfront-us-east-1.images.arcpublishing.com/infobae/PAGKJH7CJBDBHOF4XHKELQPZV4.jpg)
:quality(85)/cloudfront-us-east-1.images.arcpublishing.com/infobae/PVDUNG2DKNCADI6KWGNXRHVSNE.jpg)
The government has imposed obstacles to purchasing fiscal dollars, but prices continue to decline
Yesterday the European dollar closed below the $1000 level, and the gap with the official dollar in the retail market was only 12%. Supply from exporters continues to be pressured and there are expectations regarding future flexibility on the part of BCRA to access the exchange market
At the beginning of April, a series of restrictions on access to financial dollars, specifically Cash with Settlement (CCL), were launched. However, on the first working day of the month, a new decline in prices was recorded, especially in the European dollar, which closed below $1,000.
The price of the free dollar for sale reached $1005
Parallel dollars fell slightly more and ranged between $995 and $1,072 on sale. The central bank bought 275 million US dollars. The fifth Series 3 tender for Bobrial's import payment bonds has also been postponed for another week.
Argentine energy stocks rose sharply on Wall Street due to increased tariffs. Bonds also advanced and country risks fell to 1,419 points.
BCRA bought $245 million worth of market and increased reserves by more than $700 million
The cash entity retained 76% of the supply, in the largest cash purchase since March 13. Reserves rose due to official intervention and improved prices of other assets such as gold
The value of trading in the cash sector reached 322.1 million US dollars this Wednesday, and although it was not an exceptional number for the wholesale market, it allowed… Purchases from the Central Bank amounted to about $245 million, or 76% of the total progress. In this way, the amount absorbed in the first operational round of April was the largest since March 13 (US$297 million).
Financial Day: Argentine energy stocks rise as much as 14% on Wall Street after gas surge
US interest rates and Argentine dollar bonds rose, while country risks again approached 1,400 points. The free dollar fell for the third day in a row to $1,005, and the European dollar remained below 1,000 pesos. BCRA bought $245 million worth of market and reserves increased by more than $700 million
Argentine stocks and sovereign bonds rose Wednesday on Wall Street Prominence for roles related to the energy sectorafter government Javier Miley Officially announcing the new gas price schedules for all distributors in the country.
“Beeraholic. Friend of animals everywhere. Evil web scholar. Zombie maven.”
More Stories
Cryptocurrencies: The value of the major digital currencies
Cryptocurrency Market: What is Bitcoin Worth?
BBVA proposes to merge by absorbing Banco Sabadell at an exchange of one new share for every 4.83