2024-03-07 16:14:50
Finally, the “blue” dollar pierced the floor of $1,000 and registered the lowest price since December 18, 2023, just over a week after the president’s inauguration. Javier Mileywhen it closed at $985.
The US currency had a decrease of 20 units, which adds up to the $40 it fell between Monday and Tuesday, to end the day at $990 for sale and $970 for purchase, according to the survey carried out by LA GACETA in the city of Tucumán.
With this movement, according to an analysis published by the newspaper La Nación, the parallel dollar registers a drop of 20% in just over a month, if the historical nominal record that the informal price of the currency reached on the 24th is taken into account. January, when it reached $1,255.
In this way, the informal exchange gap is positioned, in this way, at 14.5% with respect to the official dollar. The parallel marks a decrease from the beginning of 2024 of $35 (it ended 2023 at $1,025).
The MEP dollar operates at $1,007.21. Thus, the spread with the official exchange rate stands at 19.1%, while the Cash with Settlement (CCL) stands at $1,038.73.
Diego Giacominihead of the consulting firm E² (Economy and Ethics), explained to the El Cronista portal that “the Government manages and releases all administered prices so that there is a lot of inflation and at the same time manages monetary policy in a way to reduce to the extreme, in terms real, the fixed-term deposits of the private sector. For what? So that there is less fuel to run against the blue dollar and the Cash with liquid.”
For its part, Salvador VitelliHead of Research at Romano Group, pointed out “between an increase in supply and a sharp drop in demand, the dollar seems to have no floor. It seems to me that it should be found around $950 and $1,000,” added Vitelli, who, However, it warns of factors that could trigger the dollar, including a worsening of social conflict or more tensions between the Nation and the provinces.
Nicolas Chiesaformer director of Portfolio Personal Inversiones (PPI), stated that “what happens with the free prices of the dollar could be said to be natural to the extent of the change in expectations that occurred and how neutralized part of the demand remains among the tangle of regulations that the previous Government put in place and that, in several cases, have not yet been removed.
The Economist Salvador Di Stefano He explained that “the fixed-term rate is highly positive against future inflation, this threatens a recovery of the dollar in the market that is heading towards three digits.”
