After an abrupt drop in the price of the wholesale dollar this Wednesday, the president Javier Milei He echoed this Thursday of a country risk cut. The indicator that measures the performance of the Argentine debt compared to that of the United States, and which is key to the return to international markets, PERFORE THE FLOOR OF THE 700 POINTSand accommodates in the 673 units, a level that I did not see since mid -February.
Milei used his usual channel – the X account – to declare: “We have perforated the 700 basic points. They will not be able to stop the advance of the ideas of freedom. Long live the fuck” and highlight the market support to your government despite the reverse he saw in Congress, which finally rejected the approval of the Clean Card project.
On Wednesday the Argentine sovereign debt had maintained its positive tendency: “Registered advances of between 0.4% and 0.7%, with higher increases in the longest titles, such as the GD38, GD46 and GD35 bonds. The weighted average price amounted to US $ 69.9, recovering all the terrain transfer Bonds of emerging countries, “they commented at the beginning of the wheel in PPI.
Despite the president’s statements, the wholesale dollar seems to bounce after have dropped more than 5% in a single wheel in the previous one. Near noon was quoted at $ 1,125.
“On Wednesday all eyes focused on the exchange rate since from the beginning of the wheel it was observed Seller pressure from the futures market. At the opening already in futures there was an important offer and even positions like Julio quickly had well -sales positions Below the closures. This pushed the spot that he had opened positively, but ended up giving in to that pressure, “Outlier explained.
