Annabella quiroga
04/13/2021 12:34 PM
Clarín.com
Economy
Updated 04/13/2021 12:34 PM
At the market opening on Tuesday, the blue dollar maintains the upward trend that it had shown on Monday.
This time he
increases a peso
and reaches $ 143. Thus, so far this week, he has already risen three pesos.
With the current price,
it is at par with the MEP dollar,
which is traded on the Buenos Aires stock market.
With these prices, both are the cheapest on the market and are 19 pesos below the saving dollar, which is achieved at
$ 162.
The blue dollar had been calm for several days until last week, with a downward trend.
On April 7 it reached
$ 139
and with today's increase it returns to the levels of March 25.
Until now, the decline in the blue was explained by the
stability of financial dollars
, which in turn responded to the interventions of the Central Bank.
With the strong inflow of dollars from the field, which has been liquidating at a rate of
US $ 140 million per day
, 70% more than in April 2020, the Central Bank pocketed US $ 630 million in purchases in the market in so far this month.
But a good part of those dollars is destined to intervene in the market through the purchase and sale of bonds to prevent financial dollars from rising and adding
pressure to inflation.
With financial dollars stable, the blue had little room to climb.
And in a market with supply and
little demand, it
had an overreaction to the downside that partly explains the rebound of these days.
Miguel Pesce Central Bank Photo Federico Lopez Claro
Anyway, and despite this rise, it is still 23 pesos below the
$ 166
with which the informal dollar started the year.
Cash with liqui, the operation to extract foreign currency from the country through the purchase and sale of shares, rises 0.4%, to
$ 151.17.
So far this year,
the blue dollar has fallen 14%,
the MEP has risen 2%, the cash with liquidity 8% and the official dollar 10%.
All move below inflation that accumulates 12% in the first quarter.
This Tuesday the wholesale dollar increased 0.1%, to
$ 92.63
, while the retail
dollar
reached
$ 98.33
, two cents above Monday's close.
Country risk stabilizes
After yesterday's 2.5% drop, driven by the "Ecuador effect", this Tuesday the country risk remains stable at
1,578 basis points.
Yesterday the market reacted favorably to the victory of Guillermo Lasso in Ecuador, which
closed the doors
on his return to the country from the influence of Rafael Correa, the godfather of the defeated candidate, Andrés Arauz.
Ecuadorian bonds
rose to 20%
and dragged those of the region, which translated into a rise of between 1 and 3% for Argentine papers.
This situation pushed down the JP Morgan index, which measures the over-cost that Argentina must pay to borrow.
Last week
the country risk reached 1600 points.
This Tuesday, Argentine bonds oscillate between
rises and falls of around 0.5%.
On the Buenos Aires stock market, the Merval rises 0.1% after yesterday's 1.3% drop and in New York Argentine papers are mostly trading down, with
drops of up to 7%
for Bioceres.
AQ
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