Annabella quiroga
01/29/2021 4:25 PM
Clarín.com
Economy
Updated 01/29/2021 4:25 PM
On the last day of January, the blue dollar
fell again
: it lost two pesos, to $ 153. This marks a fall of thirteen pesos throughout the month.
With this, it is on par with the saving dollar, which reaches $ 152.9.
In the month the informal one was the only dollar that fell, while the official one rose 3.6% and
the cash with liquid increased 8%
.
It was the one that climbed the most at the start of the year.
With the rise of 3.6% of the official dollar, it lags behind the inflation forecast of 4% for the month.
This Friday, the Central Bank sold US $ 60 million.
"In the month of January, the net balance of the official intervention was positive in about
US $ 160 million
, accumulating in the last two months about US $ 760 million of net purchases", indicated the operator Gustavo Quintana.
During the month, both the MEP dollar, which is acquired through operations on the Buenos Aires stock market, and the cash with liquid, the transaction that allows foreign currency to be withdrawn from the country, maintained a practically constant rise.
Thus, the stock market dollar ends with a rise of 5.9%, at
$ 148.3
, while the cash with liquid advances 7.8%, to
$ 151.1.
Financial dollars are rising despite the Central Bank continuing to intervene by selling bonds to prevent them from escaping and putting pressure on the blue.
In this way, financial dollars are
the only ones that had rises in real terms
, above the impact of the price index.
Fixed terms in pesos, with an average rate of 2.7%, again lagged behind inflation.
Market expectations point to what will happen to the reference rate, to determine if the Central reacts to inflation in January and updates it, so that this investment in pesos does not continue to lose attractiveness.
In the month there was an advance in country risk, which
increased 5%
to reach 1,441 basis points.
In public securities, the CER bonds stood out the most, which are adjusted for inflation.
They rose 3.7% in January
, while dollar linked securities increased 2.1%.
From Portfolio Personal Inversiones they note that "market inflation expectations (much higher than official ones) continue to push CER bonds upwards. They continue to be the
best performing
bonds in pesos
."
On the side of the shares,
the Merval lost 5%
in the month with YPF with the highest losses, with a fall of 15%.
The best result within the central panel of the Buenos Aires stock market obtained Cresud with a rise of 13% in January.
In New York, Argentine ADRs had a negative start in the first month of the year.
Almost all of them finished in the red, with YPF down
19%.
AQ
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