In this short week, the crypto dollar, the only one that is trading in the middle of the Flag Day holiday, rose 0.7% and was located at $1,300.
Thus the price of the crypto is on par with yesterday’s close of the blue dollar, which ended in $1,300 after having touched $1,305 on Tuesday, the highest nominal price reached so far.
The crypto dollar has different prices according to the platform on which it operates and the assets that are used to access this digital currency. In some cases it even touches the $1,375, But these are marginal operations that from the beginning are quoted well above parallel dollars.
This week is atypical because the Liberation Day holiday in the United States was added yesterday to the three local holidays, which It took away liquidity from the local market and led financial dollars to rise. In this way, cash with liquid ended on Wednesday in $1,292 and the MEP in $1,273.
With this, The blue gap with respect to the official dollar went to 43%.
Stocks and bonds fell
After yesterday’s stoppage for the holiday in the United States, Argentine ADRs listed in New York fell more than 8%. The worst part was BBVA’s papers, with a retraction of 8.3%, followed by Banco Macro with 6.9% and Galicia with 5.2%.
In this wheel, only Globant escapes the debacle, with an increase of 9.1%, Transportadora Gas del Sur, with 2% and Mercado Libre with 0.7%.
For their part, dollar bonds fell 0.5%, while JP Morgan’s country risk rose 18 points and reached 1,402 basis points.
“The main ADRs show an average decrease of 2%, due to the significant weakness of the main banking and energy papers, which once again are those chosen by operators to manage their exposures in the portfolios,” said the economist Gustavo Ber.
“Bonds are also weaker and lose an average of 0.5% in their dollar prices among the main references with NY legislation, even when scenario analyzes are multiplied among investors. potential upside in case economic normalization is validated that allows a convergence towards the yields of emerging markets,” he highlighted.
“Looks are directed at possible future adjustments in the monetary and exchange scheme towards a new program with the IMF that can provide fresh funds that contribute to moving towards an exit from the stocks, which would become a key driver for investors,” he concluded.
