The blue dollar goes up.
At the beginning of the week and after the announcement of greater restrictions on imports to try to stop the decline in reserves, the blue dollar opened in this session with a rise of one peso, which leads it to $ 227.
The listing at $ 227 sets a new record and brings the exchange gap with the wholesale dollar to 82%. So far in June, blue has gone up by 21 pesos, which is equivalent to an increase of 10%the same percentage in which it increased over the year.
The official exchange rate in the wholesale segment rises by 0.4%, a $ 124.7. So far this month shows an advance of 3.8% and in the year of 20%.
Among the main measures ordered by the Central Bank, the import financing system is extended to those carried out under a Non-Automatic License and to the import of services, and will be valid for one quarter. In fact, it means a tightening of import quotas.
The price of the MEP dollar, which is listed on the Buenos Aires stock exchange, also rises by 0.2%, a $ 231.5. In this way, in June it rose by 11.5% and in the year it moved by 17%.
Cash with liqui, the dollar used by companies, on the other hand shows an increase of 0.2% and is trading at $ 236.4. This implies an advance of 12% in June and 17% so far in 2022.
Argentine dollar bonds fluctuate between rises of 0.7% and falls of 1.5%, while the pesos bonds that adjust to inflation recover strongly in the pre-auction phase for 243 billion dollars that the Ministry of Economy will carry out tomorrow.
This Tuesday will be a key test for Minister Martín Guzmán, who must convince investors to bet again on CERs despite the decline these instruments have shown so far this month and that reaches 25%. However, today the TX24 recovers 10% and the TX26 increases by 4%.
Against this backdrop, country risk today pauses after last week’s sharp rise, which brought it to 2400 basis points, the highest level in two years. This Monday it drops by 1.3% and stops 2370 points. In any case, in the month the JP Morgan indicator which measures the over-rates that the Argentine debt has to pay, in June so far rises by 23.5% and in the year it rises by 39.7%.
The Merval is also recovering after a sharp decline in the last few days and in this round it is up by 1.4%.
Argentine stocks listed on Wall Street are mixed, with increases up to 8% for Pampa Energía and drops up to 1.8% for the Supervielle bank.
down on Wall Street
Share prices were slightly lower on Monday morning at the start of trading on the New York Stock Exchange, after the market had a rare week of gains and the S&P 500 index recorded its best daily gain in two years.
The S&P 500 went with down 0.1% while the tech Nasdaq fell 0.4% and the Dow Jones industry average barely changed.
The European markets showed mixed trends and the Asians closed higher overnight.
10-year US Treasury bond yield increased to 3.18%. Oil prices showed mixed trends.
AQ
Annabella Quiroga
Source: Clarin
