The blue dollar goes down and financials go up.
As the soybean dollar continues to strengthen the Central Bank’s coffers, financial dollars broke the exchange rate and started to rise again. In this round, cash with liquidity, the dollar used by companies, moves up by 4.4% and reaches $ 297, while the Euro MP dollar which is traded on the Buenos Aires stock market, rises by 5.1%, a $ 289.3.
With this rebound, cash with liqui returns to the levels of three weeks ago and therefore the gap with the wholesale dollar, today at $ 143.20, once again exceeds 100% and reaches 107%.
Behind this rebound is the effect of the soybean dollar which causes producers to dollarize the pesos they receive for selling their grains for $ 200.
But in addition, market analysts point out that today the upside has been strengthened by the voices that the announcement of new measures that will make the tourist dollar more expensive is imminent.
However, the rumors had little effect on the blue dollar, which fell by a peso to close $ 276.
In this frame, the soybean dollar contributed $ 451 million and in the first fifteen days or so 3.2 billion dollarswhich anticipates that there is a high probability that the commitment to liquidate US $ 5,000 million during the month will be honored.
The Central Bank has taken most of these currencies, with purchases for 300 million dollars in this wheel and has already grossed $ 2,000 million in the month so far in September.
“Strong increase in free dollars as a function of the increase in potential demand generated by the soybean dollar “, indicated by Aurum Valores.
“The relationship between the deficit in the services balance and the lagging level of the real exchange rate is so well known that the government would be taking steps to try to prevent the deterioration from deepening,” Aurum says, referring to the possible increase in the rate of exchange. dollar price change sightseeing.
Stocks collapse
There was another bad day on Wall Street, in a market that hasn’t finished digesting the bad news about inflation in the United States.
In this context, heThe ADRs of Argentine companies on Wall Street have operated with general reductions of up to 10%, as happens with YPF. Along the same lines, those of Transportadora Gas del Sur, Cresud and Central Puerto decreased by about 5%.
For its part, the S&P Merval fell by 1.8% on the Buenos Aires stock exchange.
In turn, dollar bonds fell as much as 0.4% thanks to Global 2029, Bonar 2030 (-0.9%) and Bonar 2035 (-0.9%). By contrast, Bonar 2038 advanced by 0.9%. Meanwhile, those rectified by CER have operated with positives up to 1.5%, after the INDEC data released yesterday.
In this context, the Country Risk – as measured by JP Morgan – fell by 0.8% to 2,311 basis points.
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Annabella Quiroga
Source: Clarin
