While many look at the blue, several do fabulous business with the shares

The The blue dollar was negotiated this Tuesday with an increase of two pesos, to close at 383 pesos per unit. This is a new price peak. In turn, in the Central Bank sold 56 million dollars on the exchange marketalthough in the month there are still net purchases for 27 million, according to estimates by financial analysts.

The financial exchange rate traded on the stock market also registered increases. Cash with settlement closed with an increase of 1.1 percent, at 364 pesos and the MEP dollar advanced 0.5 percent to 355.28 pesos.

As for the stock market assets, there was once again a significant increase in the price of shares, with a rise in the Merval of 4.3 percent. Some companies like Transener came to rise almost 9 percent. The increase in some banks such as Supervielle also stood out, which advanced 6.2 percent in the day and close to 40 percent so far this month.

Returning to dollar prices, in the wholesale segment, the US currency ended with an increase of 34 cents compared to the previous closing, at an average of 185.03 pesos.

In this way, the dollar with the 30 percent surcharge -contemplated in the COUNTRY tax-, marked an average of 249.92 pesos per unit, and with the advance on account of the Income Tax of 35 percent on the purchase currency, at 317.21 pesos.

Meanwhile, the dollar destined for tourism abroad -and which has a rate of 45 percent- was located at 336.44 pesos, while for purchases over 300 dollars -and which has an additional tax of 25 percent -, was located at 384.50 pesos. The volume operated in the cash segment was 294 million dollars.

Among other notable data, there was also a advance in soybean and wheat prices in Chicago. Although the rains in Argentina put downward pressure on international corn prices.

The March contract for the oilseed rose 0.94 percent (5.14 dollars) to 552.07 dollars a ton, while the May contract rose 0.67 percent (3.67 dollars) for end the day at 549.87 a ton.

The increases were explained “from new sales of US merchandise for 130,000 tons to unknown destinations and “rumors about Chinese buyers interested in reserving shipments of soybeans from that country for next week,” according to the grain broker Granar.

It was also mentioned that the appreciation of the real added upward pressure, which makes Brazilian exports less competitive, although the rains in Argentina and the forecast of new rains limited the increases.

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Varun Kumar

Varun Kumar is a freelance writer working on news website. He contributes to Our Blog and more. Wise also works in higher ed sustainability and previously in stream restoration. He loves running, trees and hanging out with her family.

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