The blue dollar rose for the third consecutive day and returned to position above $ 200. This Thursday rose two pesos and sold $ 201. Financial dollars, such as the MEP and the cash with liqui, also reacted, climbed 2.7% and just as informally they cross the $ 200 barrier.

In this movement, the exchange rate gap is at 76%, and although it climbed three percentage points in the last rounds, it remains far from 110% peak that he had earlier this year.

The MEP’s dollar, which allows foreign currency to be obtained by operating in the Buenos Aires stock market, is rising to $ 200.1, while contado con liqui, the operation to withdraw dollars abroad, is listed on $ 200.

With these changes, alternative dollars stay away from the exchange rate which began more than a month ago with the signing of an agreement with the Monetary Fund. This period of calm was extended thanks to the monetary policies of raising rates and the good results of the first quarter that allowed the Government to meet the objectives set in the agreement with the IMF without difficulty.

the risk of the country increases

The outlook is also complex for bonds and shares. The country’s risk changed its trend and cut the decline it showed in the final rounds. This time it showed an advance of 2.9% and reached at 1721 basis points.

This happens as the bonds fall sharply and show losses around 2%. The latest government move to increase spending along with the results of the public deficit increase market uncertainty.

The increase in risk in the country comes amid Minister Martín Guzmán’s participation in the Spring Assembly of the Monetary Fund in Washington, which forms the first meeting after the signing of the agreement on the organization last month.

Both from the government and from the Fund — although in this case reluctantly — they are already issuing signs that it will be necessary to “recalibrate” part of the objectives of the agreementin the midst of the context of Russia’s invasion of Ukraine, rising energy costs and rising inflation in Argentina.ang

For its part, Merval dropped 1.1%. Argentina Stocks sank up 5% on Wall Street amid a rare climate with local assets.

From Portfolio Personal Investments (PPI) they marked that “there is a lot of uncertainty about the country’s macroeconomic prospects, which limits the rise in bond prices in the short term ”.

Facing the initial review of the objectives to be undertaken by the IMF in the coming weeks, from the PPI they warned that “a breach of any of them could result in a new renegotiation and add volatility in a complex context. , which increases the risk to the country ”.

Here it is added that “the rivalry of the ruling coalition does not cooperate. Lower-than-necessary tariff adjustments and new IFEs are some of the measures being considered to provide relief to the population, but they have a counterpart in larger public spending that is not yet known how to finance it.

AQ