:quality(85)//cloudfront-us-east-1.images.arcpublishing.com/infobae/TANPBN7Z4FGCNFPJHEAR7L6AUI.jpg "Dollar today live: how much does it open this Friday February 24 and what is the price minute by minute")
Investment and savings: gold becomes a winner in early 2023
In our country, the dynamics of permanent change are almost weekly and sometimes daily in terms of the predictability of savings and investment decisions. This means that the decision made today is not the best tomorrow.
There is a popular saying that “money grows on the tree of patience”. In Argentina, there is no context for patience. Inflation devours the value of money faster and faster. Everything is frugal and fleeting in terms of decisions to preserve value and earn returns. Saving and investing that take time are increasingly difficult to put into practice.
Due to effects of drought, agricultural exports could fall by more than $8 trillion
These are data provided by the economist Juan Manuel Garzón, who projected three possible scenarios. In the most complicated cases, the losses exceed 10,000 million dollars
A work carried out by the economist of the Mediterranean Foundation, Juan-Manuel Garzonreflected the strong impact of various adverse weather conditions, such as drought, which could result in losses of more than $8 trillion in agricultural exports. For this reason, the specialist maintained that “this year the macroeconomics will not have the very good figures achieved by the agricultural sector in the last two years”.
While dollar bonds rallied, all versions of the dollar remained calm
The rally in government bonds left country risk below 2,000 points. The stock market saw moderate gains
The sharp rise in debt bonds for the second straight round has left speculation about people who know something others don’t. The rise, beyond the natural recovery of bonds in emerging countries after two weeks of decline, was striking. The National Securities Commission is still investigating what happened in the market shortly before the January 18 bond buyback announcement.
The free dollar was at 379 pesos
After holding steady at $377 for three consecutive rounds, the free dollar resumed the uptrend yesterday Thursday, with a gain of two pesos, to $379 to sell. The currency thus adjusts the loss for the month of February to just two pesos.
The dollar counted with liquidation remained at $369 while the MEP it fell to 357 pesos.
The S&P Merval rose 1.34% and the central bank continues its second consecutive day with a slightly positive balance: 4 million USD.
The BCRA made another minimum purchase in the market and recorded two rounds of no sale
The entity was raised with $4 million for its participation in the exchange. In February, it records a negative balance of $911 million in the MULC
In a wholesale session with business for 244.6 million USD in the cash segment (place) the central bank proposed a minimum purchase of $4 million.