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Post-exchange euphoria is cut: the blue dollar, financial dollars and country risk rise

2020-08-06T16:34:38.471Z


The Merval started low, as did Argentine bonds and stocks in New York.08/06/2020 - 12:54 Clarín.com Economy Economy This Thursday in the financial markets the post-exchange euphoria seems to have been cut: all the dollars rise, the country risk rebounds and the bonds and stocks are trading lower. The blue dollar went up from $ 130 to $ 131 at the open . Thus, it is moving away from the $ 128 floor it touched on Tuesday, when the novelty of the debt agreement defin...


08/06/2020 - 12:54

  • Clarín.com
  • Economy
  • Economy

This Thursday in the financial markets the post-exchange euphoria seems to have been cut: all the dollars rise, the country risk rebounds and the bonds and stocks are trading lower.

The blue dollar went up from $ 130 to $ 131 at the open . Thus, it is moving away from the $ 128 floor it touched on Tuesday, when the novelty of the debt agreement defined the exchange rate climate.

Financial dollars are moving in the same direction: the MEP dollar, which allows the acquisition of foreign currency operating on the Buenos Aires stock exchange, rises 1.4% and reaches $ 118.8. For its part, the cash settlement , the operation to remove dollars from the country, increased 1.1% until it returned to above $ 120 .

In the official segment, the wholesale dollar increases 0.1% to trade at $ 72.70 . The retailer sells for $ 76.89 on the Central Bank average, just 1 cent above Wednesday's close. The solidarity dollar , including the 30% surcharge, reaches $ 99.77.

The change in climate is also felt in country risk , the JP Morgan indicator that measures the surcharge paid by Argentina for borrowing in relation to United States Treasury bonds, which today rises 1.8%, until 2063 basic points. Yesterday that indicator had dropped 4.2%, allowing it to fall back to the levels it had in mid-February.

The stock and bond market opened lower . Debt papers fall around 1%. In the Buenos Aires stock exchange the Merval falls 1.4% , with almost the entire panel in red. This tone is replicated in the Argentine shares listed in New York, which after the strong rebounds at the start of the week now show declines of between 2 and 4% . Mercado Libre, which rose 4.4% yesterday, which allowed it to reach a market value higher than US $ 60,000 million, now falls 1.7%.

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Source: clarin

All business articles on 2020-08-06

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