First sign: Miguel Pesce spoke early with market participants and went out from the very beginning to support the pesos bonds

The head of the Central Bank, Miguel Angel Pesce, anticipated the dollar’s opening, talked ahead of time with market participants and went out from the very beginning to support the pesos bonds.

On a day that promises to be tense, and with the foreign exchange holiday canceled very soon by the Chief of Staff Juan Manzur, the head of the Central Bank, in another new sign that he will remain in place, he has come out to show some signs of calm. .

With debt securities under pressure for weeks, Pesce’s first sign was in that direction. It came out from the start to support public headlines.

Until the name of the new Minister of Economy was known, who only met yesterday closer to 10 pm, the signs were not positive for the market. Perhaps the government has abused a natural advantage it has been granted since this Monday is an Independence Day holiday in the United States. In this way the local market loses the external reference and the Argentine stocks listed on Wall Street will not register any movement.

Dollar bonds and country risk will not work, as will Argentine equities in New Yorkthen the market reaction could take another day.

In the midst of the massive wave of resignations within the government’s economic team, the name of Miguel Angel Pesce remained intact at the helm of the Central Bank. Since yesterday, Pesce has taken the opportunity to contact the banks, with which he has tried to propose an action plan to contain the tension on exchange rates that is looming for this Monday. This morning you resumed your calls.

As learned from this newspaper, the financial entities have asked the president of the central bank that Guzmán’s successor continue with the objectives and program agreed with the IMF.

News in development

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