08/03/2020 - 11:20
- Clarín.com
- Economy
- Economy
This Monday, the blue dollar remained at $ 136 with the markets pending of what will happen with the negotiations for the debt restructuring. This afternoon the Government must announce whether it extends the term of the swap once more or if it considers it to have fallen after failing to obtain the necessary support from the creditors to reach an agreement.
Despite the fact that at the start, the indicators came from the doldrums with the passing of the hours , optimism gained ground and the numbers became favorable.
In the official market, the wholesale dollar rose 0.3% to $ 72.52. The retailer averaged $ 76.64 on the Central Bank's measurement, 30 cents more than last Friday's close.
The financial dollars, which last month had the most outstanding performance in the exchange market with increases of around 18%, this Monday started on the rise, but cut the profit. The MEP dollar , which allows you to buy dollars operating on the Buenos Aires stock exchange,It increased 2.1% to $ 124.8 at startup. But in the afternoon the trend was different and fell 0.6% to settle at $ 121.53, while cash, the operation to take foreign currency abroad, went from rising 2.2% to $ 126.8 to drop 1.1% to $ 122.69.
For its part , country risk , the JP Morgan indicator that measures the excess rate that Argentina should pay to borrow in relation to United States Treasury bonds, increased 2.1% in the first hours and reached 2316 basis points . But with favorable expectations for the debt, Argentine bonds began to gain ground and the country risk turned to drop 0.1% to 2,267 points.
In the Buenos Aires stock market, the Merval started the week with a decrease of 0.3% and was recovering to rise 7.4%, led by the Macro bank with a rise of 10%. The same trend occurred in New York, where the ADRs of Argentine banks grew between 10 and 13%. The greatest increase was for Galicia with an increase of 13.5%.
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