10/15/2020 11:09 AM
Clarín.com
Economy
Updated 10/15/2020 12:20 PM
The market did not receive with optimism the declarations of Alberto Fernández denying a devaluation and of the businessmen demanding an economic plan with details of how the fiscal deficit will be lowered in the framework of the IDEA Colloquium.
Nor does the request of the head of the Monetary Fund, Kristalina Georgieva, that the country draw up a credible plan in the face of the "dramatic challenges" it faces.
Debt bonds fall between 1 and 2% on Wall Street, taking
country risk to 1,432 basis points, a rise of 2.1%
compared to Wednesday.
This index, which measures the difference in the rate paid by Argentine securities compared to US Treasury bonds, has been rising for three days.
New York law securities are already yielding around 16%.
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Source:
BCRA |
MARKET DATA
Infographic:
Clarín
The blue dollar advances two pesos,
from $ 167 to $ 169
in some caves.
The financial market remains unstable
.
The cash with liqui, the dollar that is used to extract foreign currency from the country, continues to rise after the jump on Wednesday.
It goes up 1.6%, to $ 166.44.
On Wednesday it had advanced 4.8%.
At that price, it is
worth 110% more than the wholesale dollar
, which is around $ 78. In other words, companies that are looking to turn their dollars abroad to pay debt or dividends, if they do not receive the approval of the Central Bank to acquire those currencies in the official market, they must pay double to get the dollars.
In turn, the stock market dollar (similar to cash with liqui but the dollars are deposited in a local account) climbs 1.1%, to $ 151.93, that is, 9% cheaper than the CCL.
This is the dollar the Central Bank is targeting, in the sense that it wants it to be taken into account by savers who have their dollars blank, so that they can sell it at that price, that is, much higher than the official price.
On the New York Stock Exchange, Argentine shares are listed mixed, although with a majority of losses.
The falls reach 3%.
NE
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