Investors anticipated their uncertainty about the fate of the dollar with the decline in Argentine stocks on Wall Street
In the midst of the dispute between the economic team and the IMF over the permanence of the “blend dollar”, ADRs had widespread falls. What is behind the official message that there will be no devaluation
The widespread declines in ADRs – certificates of ownership of Argentine shares listed on the New York Stock Exchange – preannounce that the exchange peace achieved on Friday may end.
The free dollar starts at $1,250 for sale
He free dollar It will open this Tuesday at $1,250 for purchase and $1,280 for sale.
While, the MEP dollar will be at $1,244 and the cash will be settled at $1,267
Prior to the daily adjustment, the wholesale exchange rate is $903.50, meaning the gap with the parallel dollar is 41%. The value of the bill in Banco Nación is $922 and in the average of the banks it is $942.97.
The Central Bank sold US$121 million on Friday, adding US$99 million in June. Gross reserves reach US$29,166 million.
In search of a balanced exchange rate: pesos are once again in excess and dollars are missing
The Government insists on keeping the devaluation controlled to help reduce inflation. The costs that analysts warn and that lead to postponing the exit of the “traps”
The Government made it explicit that it will maintain the official exchange rate as an inflationary anchor, always with the objective of unifying the dollar market in the near future.
Financial week: there were strong increases for local assets and the country risk fell 200 points with the boost of the Bases Law
The S&P Merval gained 7.9% in dollars and the exchange bonds rose 9%, with a country risk that remained below 1,400 points. The free dollar rose to $1,280 and the BCRA ended with a neutral balance due to its exchange intervention
Another week passed focused on political issues, with the event of the general approval in the Senate of the “Bases Law” and the fiscal package promoted by the ruling party, which meant a signal in pursuit of the governability that was assumed with measured optimism in the financial circuitwith improvements in the prices of stock assets and a brake on the rise that the alternative prices of the dollar had been exhibiting.
