Annabella quiroga
08/19/2021 2:22 PM
Clarín.com
Economy
Updated 08/19/2021 2:24 PM
With the financial market still digesting the changes in the regulations established by the Central Bank, the blue dollar yields 50 cents this Thursday and reaches
$ 181.50.
This is the second consecutive loss of the informal after falling one peso yesterday.
Thus it moves away from the $ 183 that it touched on Tuesday and brings
the gap in relation to the official dollar to 86%.
Transactions with financial dollars are still stuck and there are already
five days with problems to operate.
Everything was unleashed last Friday when the new provisions of the Central Bank came into effect to limit the exchange rate.
This adds restrictions to transactions with cash with liquid or CCL, since from that day to buy dollars in this way it is necessary for the investor to have his own account abroad.
This Thursday, in the segment in which the AL30 bond is traded, the CCL rises 2.6%, to
$ 172.3.
The MEP dollar advanced 1.4%, to
$ 171.7.
In the private segment that is traded through SENEBI with YPF shares, the price of the cable dollar jumps to
$ 179.
In the official section, the wholesale dollar sells for
$ 97.30
, five cents yesterday.
The retailer averages
$ 102.61
, an increase of five cents, and the dollar saved with taxes and surcharges reaches
$ 169.
Country risk advances
The JP Morgan indicator that determines the over-cost of Argentine debt resumed its upward trend.
Yesterday the country risk had a slight respite - a drop of 0.5% - but this Thursday it increased 1.1%, to
1606 basis points.
The indicator had been moving below 1600 in the last fifteen days, but that momentum was cut this week.
After the debt swap that took place a year ago, and with the new composition generated by the newly issued securities, the indicator reached less than 1,200 points, but by the beginning of 2021 it was already measuring 1,400 points.
Since then it has been oscillating around 1500 points.
The
lack of confidence
in the momentum of the Argentine economy plunges the prices of bonds, which trade at 30% of their nominal value, and this means that the country risk remains high.
The uncertainty also carries over to stocks facing a new day down.
The Merval
lost 1.8% in its fourth consecutive fall
, while in New York almost all ADRs are in the red.
Among the Argentine stocks listed on Wall Street, the
greatest losses
correspond to Ternium with 5.7%, YPF with 5%, Cresud with 4.7% and Edenor with 4.6%.
One of the reasons that deepens this decline is the market perception that the United States Federal Reserve is heading towards "tapering", raising benchmark rates, and this will have an
impact on emerging markets.
This idea was reinforced by Wednesday's meeting of the FED and the minutes that were released on the recovery of the North American economy.
"The prevailing opinion among the members of the Federal Reserve is that the objective of price stability has already been reached, which is necessary - although not sufficient - to begin to normalize monetary policy," they indicated from the Cohen group.
"After the minutes of the FED, all the ETFs (investment funds) of emerging markets showed an impact: the index that includes Emerging companies globally
went from being positive at 1% to ending almost neutral
(+ 0.1%) , while the ETF that follows Latin American stocks went from neutral to fall 1.8%. The same was the fate of the Merval, which had been trading with a red of -0.5% and deepened the fall to -1.3% " , they pointed out.
AQ
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