The blue dollar stopped the decline: it recovered a peso and closed at $ 323

After two days of decline, in which it lost 17 pesos, the blue dollar recovered today: it went up by a peso and closed in $ 323. With that, it brings the gap with the official exchange rate at the wholesale level to 146%, several steps below the 160% it had stretched to last Thursday.

The informal had started the wheel down and It reached $ 320. But in the afternoon the trend changed to a day when there were few trades.

Financial dollars have also been recomposed: cash with liquidity, the one used by companies to withdraw foreign currency from the country, has advanced by 0.7%, to $ 328.1, while the MEP dollar, which is listed on the Buenos Aires stock market, rose by 0.9%, a $ 322.5.

This time the alternative dollars remained calm despite the statements of President Alberto Fernández, who once again attacked the “speculators”. In an act in Chapadmalal, the president warned him “some continue to speculate with a devaluation to sell what they have to sell.”

The Central Bank has maintained the favorable streak of the last few days and on this wheel managed to buy 5 million dollars. With that, he already adds $ 105 million in three days. However, unless a miracle happens, July will end with a negative result: so far it has amassed a sales balance of $ 800 million.

Already with two weeks of Silvina Batakis at the hands of the Palacio de Hacienda and with the minister having finished his tour in the United States, expectations are being deflated that there will be short-term announcements that will mark a change of economic direction.

“After the regulation on CEDEARs, measures that usually generate a short-term respite before the rebalancing of positions, financial dollars appear more sustained as the search for coverage is still in effect in a context in which political noises and multiple economic challenges are spreading, including the dynamics of more pesos, less dollars “, underlined the economist Gustavo Ber.

Bonuses go up

The bleeding Argentine government bonds faced over the course of the year was remedied on Tuesday with jumps of 4% in the most traded stocks.

“Dollar sovereign bonds ended the round with rises along the entire curve in relation to their dollar position. In particular, the local regulated stock, AL30D, closed with a 1.59% rise to $ 17.80, while the foreign regulated stock, GD30D, closed with a rise of 1. 87% and stood at $ 20.10. For the public of bondholders who are willing to take risks, these prices could be considered nominal accumulated when considering that they represent a 60% drop since their release to the market, “said analyst Ayelén Romero, of Rava Bursátil.

Country risk, the JP Morgan indicator that measures the surcharge that Argentine debt should pay, yields 0.8%, a 2903 basis points.

Merval rises by 0.4%, driven by the increases of Cresud with 6.1%. On Wall Street, Argentine stocks moved in a mixed fashion, with falls of up to 6% for Despegar and rises of 4.4% for Cresud.

AQ