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Tuesday, September 27, 2022

Fiscal Day: The fiscal was tense with the dollar and “counted with liquid” $312 . exceeded

Strong selling of “soy dollars” does not remove uncertainty about the supply of dollars in the market.

Various versions circulate in the market, ranging from an expansion by the end of the year, to the inclusion of more export sectors, with the addition of more export regions. More restrictions for “tourism dollars” and the establishment of a “Qatar dollar”, to impose limits on the projected outflow of foreign currency for spending abroad.

In theory, cutting off access to MEP dollars to beneficiaries of the $200 soybean dollar and “counted with liquidation” as of this week, and the impossibility of purchasing “savings” dollars for subsidy beneficiaries provided more impetus. These similarities are inherent in the prices of bonds and shares. “counts with liquidity” and the MEP dollar rose by about 7 pesos, or 2.3%, to $312.16 and $302.90.respectively, at their highest prices since July 28.

And after an initial jump of eight pesos last Tuesday, free dollars It remained lateral and with increasingly notorious delays in relation to the financiers. This Thursday the free dollar fell by two pesos and It’s $285. was For sale.

In the foreign exchange market, settlements of the “soybean dollar” remained at a very high level, despite the sanctions established by the BCRA. In a wholesale session with USD 710.9 million trading in the spot segment, Central paid around $200 at a differentiated exchange rate. USD 455.5 million to soybean exporters,

The monetary unit then sold some US$115.5 million at the official exchange rate of $1155.17, to end the round. Net buyer balance of $340 million. since the arrival ofsoybean dollar”BCR to a . was left with 3,069 crore positive balance in the said period of dollars.

on the last thirteen seasons Agreement reached for Soybean Dollar Scheme, operating since last September 6 USD 5,041.5 millionAbout $5,000 million, more than the government estimated during the month.

Down day for stocks and bonds

Monetary tightening in the US brought with it a new downward trend for stocks and bonds, which crossed borders. main indicators of New York stock markets tumbled between 0.4% and 1.4% this ThursdayA trend that extended to ADRs and Argentine stocks traded in dollars in those markets.

What led to the decline in Argentina’s private securities? Globant (-8.5%), Despegar (-7.3%) and Mercado Libre (-4.2%).

Major indices on the Buenos Aires Stock Exchange The S&P Merval rose 1.7% to the peso at 149,480, Energy is thanks to the purchases made on paper, although it should be noted that this increase becomes a decline of 0.3% if it is measured in “liquidation with cash” in dollars.

With foreign legislation, bonds denominated in Argentine dollars fell an average of 2%, according to the exchange’s reference to globals, while country at risk JPMorgan, which measures the rate differential of US Treasury bonds with its emerging peers, climbed 37 units for Argentina, 2,434 points Basics 5:05 p.m.

“The major recovery seen in globals since the Massa sentiment is beginning to falter. One reason for this is the context of rising global debt. Surprise in inflation figures for the United States, which have not slowed at the pace expected by the market. seemed, encouraged more restrictive monetary policy by the Fed, which had a negative impact on the prices of financial assets, including emerging debt”, the analysts indicated. IEB Group (Invest in the stock market).

“another, Argentine bonds are close to the notional recovery price area of ​​$25, so we see more limited upside potential. For these reasons, we suggest investor profiles who are unable to operate MEPs or have liquidation, consider rebalancing their portfolios and take advantage of the higher rates offered by loans in pesos to make some money. carry”, he added from the IEB group.

read on:

Dollar Live Today: Free price drops to $285 and “counts with liquid” $312 . reached at
The Central Bank bought a further 340 million USD in the market for its reserves.
Markets: Fall on Wall Street drags Argentinian assets down and country risks cross 2,400 points
Hernán Lacunza: “Grenade explodes in the hands of the government two years after the formation of the club”
Maturity with IMF could put pressure on reserves until next disbursement from Washington

World Nation News Desk
World Nation News Deskhttps://worldnationnews.com/
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