Expectation for the price of the blue dollar. Photo: EFE
News in development
While Sergio Massa’s economic team continues to evaluate alternatives to try to inflate the reserves of the Central Bank and amid rumors of a devaluation that the government denies, there are expectation for the price of the blue dollarwhich started at $ 292 on sale.
Sharp drop in the price of soy: it fell nearly 5% on the Chicago market
Soybean silos in Salto, Buenos Aires. Photo: AP
The price of soybean today recorded a significant drop of nearly $ 26 on the Chicago market, equivalent to a 4.39% drop, ending the day at $ 563.91 per tonne, in response to new reports showing the possibility of a greater harvest in the US.
On the contrary, wheat grew by 4.49% and corn in the first case due to Ukraine’s offensive to recover the territories occupied by Russia and in the second due to the forecasts of yields lower than those expected for the country’s productive areas. of the North, in the first case for the offensive of Ukraine of 2.24%. Read more here.
Despite the rumors, the blue dollar fell and the Central Bank extended its buying streak
Expectation for the price of the blue dollar.
Although the currency market started the week in tension, following the various rumors circulating on the alternatives that Sergio Massa’s economic team is evaluating to reverse the weakness of international reserves and improve the currency front, this Monday the Central Bank managed to buy new foreign currency.
The agency closed the first round of the week with purchases for 11 million dollars, with which it was able to reduce the strong red it had accumulated in the first part of the month to 529 million dollars. Read more here.
With rates close to 100%, Economy placed $ 285 billion and covered maturities
The Minister of Economy Sergio Massa. Photo: Guillermo Rodríguez Adami.
Almost two months after the onset of the financial crisis that triggered the outflow of investment funds from Treasury bills, the government issued $ 285 trillion in pesos debt on Monday and covered nearly three times the maturity of the year this week. debt.
The Ministry of Finance achieved this result supported by measures implemented last month, which include a sharp rise in rates and the postponement of payments with bond swaps, such as the one in early August. This program made it possible to meet commitments of nearly $ 90 billion this Thursday and to obtain funding for an additional $ 197 billion. Read more here.
Source: Clarin
