Photograph of dollar bills. Photo EFE / Juan Ignacio Roncoroni.
News in development
Exchange day opens this Thursday waiting for what will be the reaction of the markets after the announcements of the Minister of Economy, Sergio Massa.
This Wednesday, the blue dollar jumped to $ 7 and returned to $ 298. The ticket could not sustain the losses of last week when the news of Massa’s arrival at a “super ministry” served to deflate the price.
Slight decrease in country risk
Country risk, which measures JP Morgan bank it gave slightly this Wednesday and closed at 2,394 points. The market cautiously digested these doubts about upcoming announcements with dollar bond price falls, which resulted in falls of up to 3.2%. Despite having rebounded in the last few wheels of July, the public securities that entered the stock exchange in 2020 returned to accumulate red in the first days of this month.
Conversely, the stock of the Buenos Aires Stock Exchange closed positively, supported by the rebound on Wall Street. The Merval index gained 1.4%, an improvement that is attenuated if the trend of the stock market is measured in dollars at 0.6%. Read more.
Ana Chiara Pedotti
“Day M”: the parallel dollar rose and the Central Bank had to sell another 150 million dollars
In the last round of operations before Sergio Massa was sworn in as Minister of Economy, and before the economic measures that will be implemented in his administration were announced, the market reacted with caution. In terms of exchange rates, parallel dollars rose and bonds recorded a new decline on the stock market.
The blue dollar jumped $ 7 and returned to $ 298. The ticket could not sustain the losses of last week when the news of Massa’s arrival at a “super ministry” served to deflate the price. Meanwhile, settled liquidity and the equity dollar also recovered: the CCL advanced to $ 288.96; while the MEP closed with a rise of 0.6% and closed at $ 282.19. Read more.