Photograph of dollar bills. Photo EFE / Juan Ignacio Roncoroni.
News in development
Before the long weekend the blue dollar closed on Friday 12 August at $ 295 on sale. Meanwhile, the official quoted at $ 141.
As for equities, dollar bonds, which started the week off on the wrong foot, reversed their trend this Monday and closed up to 2% higher. The SARDs closed in a mixed fashion, but the improvements were driven by the rise in YPF.
16.08.2022
08:55
Given the industry’s failure to liquidate dollars, the government hastens the convening of the Liaison Table
Rushed by the shortage of dollars in the Central Bank, the government convened this Monday for a new meeting at the liaison table, after the meeting that the leaders of the sector held last Friday with the Minister of Economy Sergio Massa.
It will be today Tuesday at 5:30 pm and has been confirmed by the Secretary of Agriculture, Juan José Bahillo, through social networks.
In addition, the official said it will move forward with changes in the soybean dollar, after the industry’s failure to liquidate the currencies through this special exchange rate launched by the Central Bank during Silvina Batakis’ brief administration as Economy Minister. Read more.
16.08.2022
08:25
Argentine bonds rebounded in a market pending Massa’s definitions
Despite the local holiday, Wall Street-listed Argentine stocks continued to trade and marked investor sentiment regarding the country’s assets. Dollar bonds, which started the week on the wrong foot, reversed their trend and closed with gains of up to 2%. The SARDs closed in a mixed fashion, but the improvements were driven by the rise in YPF.
The role of the state oil company was again up 5.4%, accumulating a dollar improvement of more than 25% since the beginning of August. Last week, YPF unveiled its financial statements for the second quarter of the year and showed a higher performance than expected from its releases, with improvements from both the previous quarter and year-over-year comparison. Read more.
Source: Clarin
