The delay in the Bases Law, the abrupt drop in the interest rate, the low liquidation of the field and now the uncertainty due to the cancellation of the swap with China makes the market nervous, which responds with the dollarization of portfolios.
This Tuesday, the rise in free contributions continued. In this case, the Dolar blue” he jumped and rose 30 pesosadjusting the increase that financiers gave on Monday.
The informal currency closed at $1,235 for purchase and $1,265 for sale, accumulating forty pesos increase in the week. Faced with a wholesale dollar that did not change from the $897 at which it closed on Monday, the gap is consolidated in 41%.
In the case of financial dollars, they began to be in demand in the morning and were cut due to the closing to end up also rising, but by 1%, against the 3% that threatened to increase at the beginning.
The MEP dollar advanced $8.50 or 0.67% to $1,278.42, while the cash with settlement did the same by $13 or 1% to conclude on Tuesday at the levels of $1,310.50.
In this way, the “blue” dollar is once again the cheapest price and the CCL gap is already above 45%.
The value of the bill in Banco Nación is $916.50 and, in the average of the banks, it is $935.68.
For its part, the Central Bank bought 48 million dollars in a market that cannot raise volume. This Tuesday, it traded $172 million, a level not seen in a wheel since January 15.
In this way, in the week it accumulates purchases for 107 million dollars and, since December, for US$17,353 million.
Meanwhile, the gross reserves of the Central Bank increased by 161 million to US$ 29,292.
Ahead with respect to the level of reserves, it is expected that the boards of the IMF gives the ok to receive the disbursement of 800 million dollars to increase reserves and the possibility of having to pay the tranches of the loan in cash appears increasingly firm on the horizon. swap with China, which expire in June (US$2,906 M) and July (US$1,938 M).
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Fall of Argentine stocks
Amid the tensions in the markets, the shares of Argentine companies listed in New York sank almost 10%.
Banco Supervielle’s stock led the pack of losses, with 9.7%.
On the Buenos Aires Stock Exchange, the leading panel Merval fell 5.7% in dollars.
In the bond market, global dollar securities had been operating with a negative sign since before the start of the trading session, with falls close to 2%.
He risk countrywhich measures JP Morgan banking, soared more than 12% in the first two days of June and settled back around the 1,486 units.
