The blue dollar set a new record and Argentine bonds fell again

The blue dollar set a new record and Argentine bonds fell again
The blue dollar set a new record and Argentine bonds fell again

The trend of last short week continues and this Monday the 24th, the blue dollar returns to set a new record, closing this Monday at $1,300 for purchase and $1,330 for sale.

The informal quote marked a increase of $105 (+8.57%) so far in June and in the last two months rose 27.8%. Seasonal demands for winter holidays, bonus payments and also the lack of options with negative interest rates and what some consider as “exchange delays” made the marginal currency become an option.

With the periodic adjustment of the wholesale dollar to $908.50, The exchange gap is now closer to 47%.

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Financial dollars accompanied the rise of the blue. The MEPt ended the round at $1,293 (+1.5%), while the cash with settlement closed at CCL $1,309.63 (+1.4%).

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The value of the bill in Banco Nación is $927 and in the average of the banks it is $947.73.

For its part, The Central Bank today bought foreign currency again. After ending last week with a negative balance after selling 156 million dollars last Wednesday, today it acquired 47 million dollars.

This Monday is not a positive day for the markets either. The leading actions of the Buenos Aires Stock Exchange

The leading index S&P Merval fell 1.4%. The shares that fell the most were those of Banco BBVA (-5.1%), Irsa (-4.9%) and Banco Macro (-2.9%).

On Wall Street, most ADRs closed higher, led by the Edenor (+2.9%), YPF (+2.17%), Telecom (+2.03%), and Tenaris (+1.95%).

For their part, dollar bonds closed with falls. The most important were the Global 2041 (-3.5%), followed by the Global 2029 (-3.5%), and the Bonar 2038 (-2.7%). The risk on JPMorgan increased to 1,443 basis points.


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