05/14/2020 - 11:42
After making a jump that left it at $ 133, the blue dollar continues to rise and sells between $ 135 and 137, while alternative dollars also continue their upward path. Thus, the gap with the officer is 100%.
The so-called Dollar Exchange, which allows obtaining foreign currency in the country through the purchase and sale of bonds , rises 1.5%, to $ 124.65; while the "cash with liqui" (CCL), which is the operation to get the dollars out of the country, rose 1.2% to $ 127.31.
The currency market overheated this week. So far this month, the stock market dollar has accumulated an increase of 11%, while the CCL has added almost 12% and 71% in the year.
The increases in free dollars make the gap with the official more and more wide and the value of the CCL is already double that of the official dollar. The wholesaler rises 8 cents to $ 67.63, bringing the difference to 90%.
As dollars rise, so does country risk . It advanced 1.8%, to 3,107 basis points, as a result of a fall in the bonds, in the midst of the debt negotiation and days before the May 22 deadline to avoid default.
No one believes that the financial situation can calm down until the debt issue is cleared up. In addition, the continuous obstacles that the Government is putting to limit the operation of the CCL are making investors more concerned and seek to go to the dollar by all means.
The uncertainty about the future of the economy, added to that generated by the debt negotiations, is combined with an enormous amount of pesos on the street, due to the high issue that the Central Bank launched to face the higher expenses. Treasury.
With respect to Argentine stocks, Wall Street registered falls of up to 5%, while in Buenos Aires, the Merval rose 1.5%.