10/05/2020 - 12:20
Clarín.com
Economy
This Monday, the blue dollar opened the week at $ 150, the same level at which it had closed last Friday, when it climbed three pesos.
Financial dollars have been closely following it with a rise in cash with liqui, the operation that allows taking dollars out of the country, 3.5%, which brings it to
$ 150.8.
For its part, the MEP dollar, which allows you to buy foreign currency through the Buenos Aires stock market,
rises 3.5% to $ 143.
The official dollar this Monday moved only 0.1% in the wholesale segment, where it reached $ 77.01.
On average, the retail sells for
$ 82.61
, a jump of 18 cents from last week's close.
Thus, with all applicable surcharges, the savings dollar
sells for $ 136.
On Friday the Central Bank launched new exchange policy measures.
It put aside the crawling peg tactic by which it applied even devaluations every day and moved to a more heterogeneous movement, with a larger jump on Friday that took it to a rise of 1.9% in the first two business days of the month.
Even so, the monetary authority
had to go out and sell US $ 150 million
in a single day to supply the market.
From the analysts' point of view, the Central's new policy is not effective.
Carlos De Nevares, Vice President - Senior Analyst at Moody's Local Argentina, pointed out that "the measures announced last Thursday by the Argentine government to stop the decline in BCRA reserves
would not have enough momentum to change the current mood of the market
. We believe that the current flow of withdrawals of deposits in foreign currency will continue, given the lack of confidence in the market. However, we anticipate that the current levels of liquidity in the entities would supply said demand without inconvenience. "
Moody's specified that as of September 29, demand deposits and savings accounts in dollars totaled US $ 13,335 million,
7.6% (US $ 1,100 million) less
since the implementation of the latest exchange restrictions ”.
For its part, this Monday the country risk, the JP Morgan indicator that measures the over-cost that Argentina would pay if it could borrow, falls 0.2% to 1,347 basis points.
In the Buenos Aires stock market the Merval falls 0.3%.
In New York, Argentine shares are mostly trading higher.
AQ
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