The financial dollar rose and closed at $288

On Tuesday, the financial dollar cut with the downward trend of recent days and rose. The dollar “counted with liqui” (CCL) -traded with the Global 2030- rises 1.8% ($5.04) to $288.80, with which the spread with the wholesaler rate stands at 115.7%. At the same time, the MEP dollar – also valued with the Global 2030 – grows 0.9% ($2.52) to $281.46, so the gap against the official exchange rate reaches 110.3%. The blue dollar stands at $292, after giving up $1 on Monday. Meanwhile, the gap between the informal dollar and the official wholesale exchange rate is held at 118.6%, after having climbed to 160% on July 22, its highest in 40 years. Specialists believe that Massa’s first measures seem to be oriented in the right direction, but warn about the magnitude of the impact they could have to stop a devaluation that the market seems to discount. All in a scenario of high inflation: a BCRA survey showed that analysts expect inflation of 90.2% for this year and an exchange rate of 167.16 pesos per dollar by the end of December. In this context, the savings or solidarity dollar -includes 30% of the COUNTRY tax and the 35% deductible from the Income and Personal Property Tax- rises 0.1% or 26 cents, to $232.07.Meanwhile, the tourist dollar or card -retail plus COUNTRY Tax, and a perception of 45% deductible from Income and Personal Property Tax- increases 28 cents or 0.1%, to $246.14.

Original source in Spanish