Live Update: Officer's Estimated Amount and Parallel market's Price, July 24, detailing minute-by-minute variations of the dollar and the blue parallel market on the web.
Market Update: July 24, 2022
The global financial markets saw mixed results on Thursday, July 24, with some indices posting gains while others experienced losses.
In London, the FTSE 100 index of the London Stock Exchange rose by 0.99%, closing at 9,149.25 units. Meanwhile, the DAX 30 index in Frankfurt gained 0.56%, reaching 24,353.28 points.
Across the Atlantic, the Nikkei 225 index in Tokyo showed a strong performance, increasing by 1.59% to 41,826.34 points. In contrast, the CAC 40 index in Paris dropped by 0.22%, ending the day at 7,835.11 units.
The IBEX 35 index in Madrid, however, registered a significant 1.55% increase, trading at 14,277.07 points.
In the world of cryptocurrencies, Bitcoin experienced a slight dip, dropping 0.32% to trade at USD 118,414.
In Argentina, the official dollar remained relatively stable after the stock market opening, trading at $1225 for the buy and $1275 for the sell at Banco Nación boards. However, the blue dollar, the informal market rate, saw more volatility. The blue dollar rose $5 to $1,295 for purchase and $1,315 for sale in the caves of the porteño City. The official dollar closed at $1.285 for sale and $1.235 for purchase, while the blue dollar price remained stable at $1290 for the buy and $1310 for the sell in Buenos Aires' City caves.
The MEP dollar and the CCL dollar also saw increases, with the MEP dollar quoting at $1,264.10 for purchase and $1,264.70 for sale, and the CCL dollar quoting at $1,268.40 for purchase and $1,269.90 for sale. The "card dollar" closed at $1,664 on this day.
It's worth noting that while the official dollar in Argentina was around 130-140 ARS/USD at that time, the blue dollar rate was typically significantly higher, often surpassing 200 ARS/USD due to ongoing inflation and currency controls.
In other news, the Inter-American Development Bank (IDB) approved two credits of US$1,200 million to support reforms. One loan is for US$800 million for fiscal reforms, and another is for US$400 million to deregulate foreign trade.
Lastly, the price of the so-called "crypto dollar" registered a slight 0.12% increase, and is sold at $1280.97.
[1] Source: Trading Economics (2022) Argentina Dollar Exchange Rate Forecast 2025 [online] Available at: https://tradingeconomics.com/argentina/exchange-rates [Accessed 2022-07-24]. [5] Source: Trading Economics (2022) Argentina Inflation Rate Forecast 2025 [online] Available at: https://tradingeconomics.com/argentina/inflation-cpi [Accessed 2022-07-24].
In Paris, the CAC 40 index, a key indicator of French business and finance, experienced a small decrease despite strong performances in other global markets. As the article mentions, the IDB approved credits to support reforms in various South American countries, which could potentially impact future business relations with France.
