An employee of an exchange office shows dollar bills. Photo EFE / André Coelho
News in development
The blue dollar closed this Wednesday at $ 295, so he lost two pesos in relation to the price registered on Tuesday.
Meanwhile, the streak with Argentine assets continued this Wednesday bonds increased by 5% and Wall Street-listed Argentine stocks gained over 6%.
In eight days, the price of soy has risen by 6% to nearly $ 600
November soybean position in the Chicago market has gone away $ 509 per ton on August 16 to $ 536 per ton as of today’s close. That is to say, in eight days it grew by almost $ 30 per ton, or 5.8 percent. Looking at the longer trend, it can be seen that on July 21 the November position touched a floor of $ 475 per ton, meaning the rise in just over a month was $ 60 per ton.
Argentine assets extend their bullish rally: bonds jumped 5% and ADRs jumped more than 6%
Since the beginning of this week, Argentine assets have moved decoupled from the rest of the markets and on an upward trend. The streak continued on Wednesday as bonds jumped 5% and Wall Street-listed Argentine stocks gained more than 6%.
In a scenario of renewed optimism, country risk fell by 2% to 2,347 units. The JP Morgan banking indicator has improved by 2% since the beginning of the month, when Sergio Massa was confirmed as Minister of the Economy.
Source: Clarin
