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After two days of truce, the Central Bank had to sell US$ 28 million

2023-02-24T21:26:44.716Z


Financial dollars remained stable while bonds fell and country risk rose. Alternative dollars ended stable this week, with the blue at $379 and the MEP at $356.9 and the cash with liquid at $367.5. Meanwhile, so far in February and with only two business days to go until the end of the month, the wholesale dollar is trading at $195.7, an increase of 4.7%. In the midst of this calm, the Central Bank had to go out and sell US$ 28 million to supply the market. With this,


Alternative dollars ended stable this week, with the blue at

$379

and the MEP at

$356.9

and the cash with liquid at

$367.5.

Meanwhile, so far in February and with only two business days to go until the end of the month, the wholesale dollar is trading at

$195.7, an increase of 4.7%.

In

the midst of this calm, the Central Bank had to go out and sell US$ 28 million to supply the market.

With this, it resumed the selling trend that prevailed almost the entire month and that had had a lull in this short week, with purchases of US$ 5 million between Wednesday and Thursday.

The Central Bank lost

US$ 925 million so far in February,

which shows the difficulties faced by the economic team to rebuild the reserves and reach the goals set with the Monetary Fund.

bonds fall

This

Friday, Argentine bonds in dollars also resumed their predominant trend throughout the month,

with falls averaging 2%.

In the two previous rounds they had shown recoveries of around 5%, but even so so far this month they have yielded up to 13%.

This caused the country risk to rise 1.7% to

2007 basis points

.

So far in February it increased 10.7%.

The S&P Merval index fell 0.2%

and was located at 247,634.38 units after the half round in the Buenos Aires market, while the shares of Argentine companies on Wall Street showed a negative trend,

with losses of up to 2.8%.

The leading panel of the Buenos Aires stock market, in tune with the reference market, operated with the majority of numbers in the red, with

the papers of Transener and Transportadora de Gas del Norte leading the cuts with -2.9% in both cases.

For their part, Loma Negra (+3.7%) and BBVA (+2.2%) led the limited batch of firms with increases.

Meanwhile, the ADRs of Argentine companies on Wall Street traded with a predominance of declines, on a day in which Globant and Tenaris showed the main declines with -2.8%.

Meanwhile, Loma Negra (+3.2%) and BBVA (+2.4%) led the small batch of five companies with increases.

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Source: clarin

All business articles on 2023-02-24

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