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The dollar moderated its rise and reached the close at 60 pesos, after earning 61 pesos for the retail sale on the slate of the National Bank. In the wholesale circuit, the ticket closed at about 58 pesos, with Central Bank sales of $ 367 million, including an additional $ 569 million in the last two days. The pressure on the foreign exchange market is fueled by a new wave of uncertainty as to the Central Bank's ability to maintain the exchange rate in the face of doubts about the Fund's next disbursement of the debt agreement. International Monetary Fund. Debt securities collapsed and some benchmark bonds are already quoted at a lower parity than in 2005, when the country was in default and had already strongly encouraged creditors to sign swaps.
Wednesday began a very hectic day on the local financial market, with the dollar gaining three pesos despite sales of the $ 50 million plant to correct the wholesale value. The monetary authority then boosted its sales by adding seven successive auctions, which amounted to $ 367 million. With this, he managed to contain the price on the wholesale market at closing between 57.90 and 58.10 pesos, and the average retailer on a slate of 60.10 pesos. At the same time, bonds saw sharp declines throughout the day and led to a new record for countries in 1467, or 2,067 points. BGlobal 2027 fell at 16 hours to 5.95%; Bonar 2028, 15.47%; Coupon PBI Argentine law 16.84% and New York law, 24.22%; while the PBI coupon in pesos fell at the same time, 4.67%.
During the day Tuesday, the bank had sacrificed $ 302 million on the local square to contain the dollar, but the increase was maintained at 58.66 pesos. Faced with the sharp increase in country risk and the reactivation of the race against the dollar and Argentine bonds, the Central Bank has taken a step to force the liquidation of export currencies, with dubious efficiency.
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