Annabella quiroga
08/23/2021 14:01
Clarín.com
Economy
Updated 08/23/2021 2:01 PM
This Monday, with the market expectation set on the arrival of the
US $ 4,350 million
that the IMF will contribute Argentina in Special Drawing Rights (SDR), the blue dollar remains stable, at
$ 182.
With this disbursement, the Central Bank's reserves will temporarily rise to
US $ 46.4 billion
, which will give the monetary authority more volume to intervene in the market and calm the dollar in the face of pre-electoral pressure.
This improvement will be temporary, since next month the Government will use part of these funds to
pay a maturity of US $ 1.8 billion
with the agency and the same would happen in November.
However, less than three weeks before the elections and with dollarization on the rise, the arrival of these currencies gives more air to the exchange market and increases the margin of maneuver of the Central to intervene and control the prices of both the official dollar and the financial dollars.
In any case, this room for maneuver was limited by the Monetary Fund itself, which, when distributing the SDRs, warned that these new resources must be used by the countries in a manner "consistent with macroeconomic sustainability and in a transparent manner."
With the blue at
$ 182
, the exchange gap remains at 87%.
The wholesale dollar is trading at
$ 97.41
.
The retailer is selling on the bank average at
$ 102.74
, ten cents up from Friday's close.
This brings the savings dollar to
$ 169.
Financial dollars opened higher, with increases of 1.8% for cash with liquid or CCL, which is trading at
$ 172.3
, while the MEP dollar increases 0.7%, to
$ 170.5.
Low country risk
The JP Morgan indicator that measures the over-cost of Argentine debt fell 1.1% this Monday and reached
1,581 basis points
.
In this way, the country risk distances itself from the 1600 points that it exceeded last week.
At the same time, Argentine stocks are
rising strongly
after last week's negative results.
Among the ADRs listed in New York, the biggest jump corresponds to Edenor, with an advance of 6.1%.
With the sole exception of Corporación América, which lost 0.2%, the rest of the Argentine shares on the Wall Street slate moved higher.
Banco Macro rises 4.1% and Galicia 3.6%.
In Buenos Aires the Merval increased
1.1%
, with increases of up to 4% for Transportadora Gas del Norte.
The international stock markets and oil today registered positive values after closing a week in the red, given expectations that the North American Federal Reserve (FED) will
abolish its bond purchase policy
, established by the crisis of the pandemic,
before the end of the year
.
The Fed did not specify when it will decide to make its reduction of monetary stimuli and details are expected at the Jackson Hole symposium that will take place this week.
Stock indices for the Asia-Pacific region closed
positively
, according to the Bloomberg news agency.
The Japanese NIkkei index posted gains with a rise of 1.78%, Hong Kong (Hang Seng) 1.05%, South Korea (Kospi) 0.97% and Taiwan (Taiex) 2.45%.
With the wheel still in motion, the European stock markets and the main Wall Street indices also rose.
AQ
Look also
Income Tax: Justice issued a ruling that will prevent a company from paying a rate of 80%
Claudio Moroni: "We do not see that the reduction of the working day creates jobs"
