Home Business Scaloneta’s vacation put an end to the series of purchases by the Central Bank: in two hours he had to sell 31 million dollars

Scaloneta’s vacation put an end to the series of purchases by the Central Bank: in two hours he had to sell 31 million dollars

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Scaloneta’s vacation put an end to the series of purchases by the Central Bank: in two hours he had to sell 31 million dollars

On an atypical Tuesday for the surprise national holiday to celebrate with the Argentine soccer team, the local market has moved reduced hourswith mixed results.

On the foreign exchange front, The Central Bank has stopped its series of purchases and had to sell $31 million. Abroad, Argentine shares fly and dollar bonds collapse after several rounds of scoring you go up.

As of Monday, the monetary authority had purchased $768 million of the more than US$1,900 the company cleared in the first 20 days of the second part of the “Dollar Soja” program.

Gustavo Quintana, of PR Corredores de Cambios, explained: “A wheel limited in its development due to the holiday has compressed the volume traded in all market segments.” The soybean dollar barely traded $9 million this Tuesday.

In the parallel market, the Dolar bluewithout reference to the official dollar, it advanced one peso, to $326, and outperformed the MEP or the stock market dollar, which advanced 1.3% and closed at $325.

The calculated with the liquidation, by contrast, fell to $330.95. Both financial and informal dollars stay away from the ceiling imposed by the “Qatar dollar”, which stood at $360.

Abroad, without the restrictions of the local holiday, Argentine stock prices jump more than 8%. Telecom leads the rise after noon, with a leap of 8.5%. Grupo Financiero Galicia and YPF followed, both up 7.7%.

Conversely, dollar bonds fell the most, with the exception of Global 2046, which gained 2% again and has amassed more than 12% upside in hard currency since the start of the month. Country risk fell by 0.3% to 2,140 basis points.

“A mixed pattern, with ADRs more buoyant this time while dollar-denominated stocks are quieter, show domestic assets overseas on the local holiday following the World Cup dedication and are already going through the last few rounds of the year,” he said the economist Gustavo Ber.

NEITHER

Source: Clarin

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