After last week’s see-saw, which led to the blue dollar reaching $ 212 and two days later it fell to $ 200, higher informally opened this Monday.

Increases weight in the first minutes of the tire and is sold on $ 201leading to the gap against the wholesale dollar -located in $ 115.76– by 73%.

The upward path is also traversed by financial dollars. The MEP started with a 0.3% increase bringing it to $ 207.10while cash with liquid advance is 0.8%, at $ 208.5.

Argentine bonds started the day in the red, leading to risk in the country, the JP Morgan indicator that measures Argentina’s excessive debt rate, to climb 0.9% and reach 1817 basis points.

With this movement, the indicator is repositioned above 1800 points. So far this year it has accumulated a 7%increase, a sign that market uncertainty continues and the Monetary Fund agreement is not enough to limit Argentina’s risk perception.

Argentine stocks also showed a decline, with Merval falling 1.5% at the start of the session. In New York, almost all ADRs are falling. The most noticeable loss was for Cresud and Pampa Energía, which fell 4.6%, followed closely by Macro and Galicia banks, which fell 4.4%.

dollar pressure

“Uncertainty at the local level, coupled with the collapse in external markets, has hit Argentina’s assets. High inflation and the appreciation of the dollar around the world put pressure on the competitiveness of the peso, which has reached its lowest level of the year“, indicate from Cohen’s team.

“Despite the larger offer from agriculture, the Central Bank failed to reverse tension in the foreign exchange market and international reserves had the worst week since the IMF made the first disbursement. At the same time, for the first time this year, the Treasury has not renewed all April maturities, which adds a new source of tension “, they point out

New York markets are now running with ups and downs and its main index, the Dow Jones Industrials, has fallen 0.29% to settle at 32,882.29 points.

Meanwhile, the S&P 500 selective index operated with an increase of 0.07% and the technological Nasdaq registered a decrease of 0.05%, according to the Bloomberg agency.

“The deterioration of global markets, primarily due to the strengthening of the dollar around the world, and against emerging currencies in particular, add a new source of tension to the local marketwho cannot afford to take advantage of the good international prices of raw materials, ”Cohen added.

In particular, “with the strengthening of the dollar last week – especially against the Brazilian real, which reversed the trend it showed until mid -April and dropped by more than 3 -, It hit the Real Multilateral Exchange Rate (TCRM), down 2% last week and accrues in April a loss of 4%-which could be greater if it is confirmed that April inflation has exceeded 5%-, 5% so far this year and 17% compared to April last year ”.

AQ