Blue binds to the unity dollar
Then back on Fridaythe blue dollar continues its upward trend on Monday and $ 1 is advancing to reach $ 205. Thus, the greenback in the informal market is almost “tied” to the solidarity dollar gained by banks, offered at $ 205.03. Meanwhile, the financial dollar is slightly lower.
In the official segment, the wholesale dollar started the trading week at $ 118.95 per unit, forty -seven cents above the settlement last Friday. Last week, the Central Bank bought US $ 200 million in the market, with an order of wider agricultural liquidation.
But, to meet the quarterly reserve accumulation goal agreed with the International Monetary Fund, the body headed by Miguel Pesce needs to raise US $ 1,244 millionuntil June 30, which puts a daily floor of US $ 59 million on your purchasesconsidering the three national holidays, they will take place over the next six weeks.
In the City, they are not confident that BCRA will achieve this goal: “In a week that will once again have one wheel less (May 25 holiday), the focus will continue to be on Central’s dynamics in the exchange market. We will continue to keep a close eye on the performance of the peso curve and the future dollar, to see if the dollarization scenario will start to materialize and gain ground, ”Cohen analysts explain.
In the stock and bond markets, which are all focused on Wall Street, Argentina’s assets are having a positive day. On the one hand, ADRs jumped more than 5%, in Irsa’s case; and this has an impact on the local stock market, where the Merval index increases by almost 2%.
Meanwhile, public titles rebounded slightly against the dollar on Monday, after closing last week. So, after noon, they operate with most of the increases to 1.2%led by Bonar 2029, followed by Global 2030 and Bonar 2035 (0.7%), Bonar 2030 (0.4%) and Bonar 2038 (0, two %). The only recession corresponds to Global 2035 (-0.2%).
This puts the country at risk of returning to 1,938 units-
YN
Source: Clarin
