The the blue dollar has regained its bullish momentum in the local market after falling to $373 on Friday and moving up $3, to trade at $376 on sale and make $7 in the week. I followed the price of the currency, minute by minute, inside clarion.
New in development
The GD30 bonus, Sergio Massa’s jewel for attempting to stop a race
The GD30 bond is a national government issued public security denominated in US dollars under the laws of the New York courts that pays 0.50% interest per annum and matures on July 7, 2030.
This bond was customarily and legally used to buy and sell dollars in the stock markets. Read more
Financial dollars rose and bonds fell amid doubts about Massa’s debt buyback
On the second day after Sergio Massa’s announcement of a debt buyback, the market deepened its distrust: bonds, far from revaluing as expected, sank again, while financial dollars rallied.
So much so that the MEP dollar, traded on the Buenos Aires stock exchange, closed at 352.5 dollars and set a record. Cash with liquidity, the way companies choose to become dollarized, closed at $362.2, just two pesos below the peak it hit last week. Read more
The blue dollar finished the week at $376
The blue dollar regained its bullish momentum in the local market on Friday after falling to $373 earlier and was up $3, to trade at $376 for sale, $2 above its closing value on Thursday.
Source: Clarin
