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The blue dollar recovers and rises to $ 129, while the country risk falls 3.9%

2020-08-05T16:01:25.306Z


The JP Morgan indicator is at 2029 points, the lowest level since mid-February. Argentine stocks on Wall Street resume the bullish rally.


Annabella Quiroga

08/05/2020 - 12:36

  • Clarín.com
  • Economy
  • Economy

The blue dollar rose again this Wednesday and sold at $ 129 , a peso above yesterday's close. Thus, the currency puts the brake after the sharp drop it showed on Tuesday, when it yielded $ 8 with respect to the $ 136 to which it was trading on Monday. The good climate generated around the debt restructuring helped to decompress the foreign exchange market.

At the same time, the debt agreement continues to oil country risk  - the JP Morgan indicator that measures the surcharge that Argentina would pay to borrow in relation to the yield on United States Treasury bonds - which today falls again and is already It is located in the values ​​it had in the summer. 

The country risk  strongly resumes the downward trend, with a 3.9% drop in the opening, which brings it to 2029 basis points. The last time it was at this level was on February 15 . Thus, it accumulates a decrease of 10% in the 48 hours that elapsed since the market learned that the debt agreement was a fact.

The financial dollars opened the wheel in decline. The MEP dollar , which allows foreign currency to be acquired by operating on the Buenos Aires stock exchange, fell 0.9% and sold for $ 115.4. For its part, cash , the operation to remove foreign currency from the country, fell 0.7% to $ 118.

In the official market, the wholesaler rises 0.1% and stands at $ 76.62. The retailer increases 14 cents in the Central Bank average and reaches $ 76.83.

Argentine bonds climb between 1 and 2% and thus consolidate their post-exchange recovery.

In the Buenosairean stock market the Merval started in loss, but  in New York, the Argentine actions return to raise after the impasse of yesterday. In the first hours of operations, the most marked increase was for Edenor with 8.4%, while Mercado Libre increased 3.3%, allowing it to reach a market value of more than US $ 60,000 million.

AQ

Source: clarin

All business articles on 2020-08-05

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