07/29/2020 - 12:40
The blue dollar continues to drop, from last week's $ 140 peak. This Wednesday, another peso falls to $ 134. Thus, the gap with the official wholesale dollar -which banks and companies operate and rises to $ 72.19- is 46%.
The retail dollar, from which savers can only buy $ 200 a month, is at $ 98.90, including the mandatory 30% tax.
Also on the rise is the dollar Stock Market or MEP, which is achieved through stock market operations with bonds. It rises 0.9%, to $ 116.99, while cash counting, which is to get dollars out of the country, advanced 0.3%, to $ 118.87.
For its part, country risk, the JP Morgan indicator that measures the over-cost that Argentina would pay for borrowing in relation to United States Treasury bonds, rises again at the start of this round. 0.8% rebound to reach 2,272 basic points .
Thus, it rises for the second consecutive day and the cycle to the downside that it had been showing in recent days is cut and that led it to close yesterday at 2,219 points, the same level it had at the end of February.
Tensions over the debt renegotiation - which could take longer than the expected August 4 - push this indicator. The main bondholder groups rejected the latest official offer and claim to have a sufficient majority to block the deal.
In the Buenos Aires stock market, the Merval fell 0.5%. In New York, Argentine stocks operate mixed.