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Another day of tension in the markets: country risk and financial dollars rise

2020-09-18T15:29:09.654Z


The sale of currencies continues paralyzed in the banks. The Merval recovers and advances 2%.


09/18/2020 - 12:20

  • Clarín.com

  • Economy

At the end of the week, the tension unleashed in the financial markets after the reloaded stocks continues.

Country risk maintains its upward trajectory and rebounded 1.4% at the open, with the new bonds trading lower once again.

The blue dollar remains at $ 140,

while financial dollars rise again.

As it happened in the last three days, the purchase of dollars in banks continues to be held back, since financial entities

did not finish adapting their systems

to the new provisions of the Central Bank.

In the official segment, the wholesale dollar, with which banks and large companies operate, rises 0.1% and reaches $ 75.38.

The retailer remains at $ 79.56 in the average of the banks and

reaches $ 132

with the PAIS tax and the surcharge of 35% of the Income tax.

For their part,

financial dollars are moving higher again

.

The MEP dollar, which is used to obtain foreign currency trading on the Buenos Aires stock market, rises 0.8% and reaches $ 127. While cash with liquid, the operation that allows foreign currency to be carried abroad, increases 0.9% and reaches $ 133.

The blue dollar remains around $ 140, in a market where operations remain scarce.

Country risk, the JP Morgan indicator that measures the excess rate that Argentina should pay for borrowing, increases 1.4% and reaches 1,253 basis points. Today the new bonds issued after the debt swap slow their fall and move with drops in tone to 0.5%

Argentine stocks regain ground after a negative week.

The Merval opened up 2%, with the entire main panel in green and peaks of 8% for Edenor.

While in New York, the ADRs, which yesterday showed falls around 6%, this Friday are recomposed and presented increases of between 1 and 3%, led by Ternium with an increase of 4%.

AQ

Source: clarin

All business articles on 2020-09-18

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