The dollar contained and soybeans rises | Market …

the dollar counted with settlement it rose 0.6% and ended the day at 149.10 pesos. The blue dollar rose by one peso to 164. The central bank sold $ 30 million to support the price of the official exchange rate.

The financial climate was not optimistic for Argentinian assets. the Buenos Aires stock exchange shares they were down 1.2% and some companies in New York City lost more than 6.5%.

On the side of commodity prices a further increase in the international price of soybeans was highlighted. Oilseeds reached a value of $ 437 a tonne on Wednesday, up nearly $ 7 on the day. These are the highest prices in the past 4 years and improve the country’s export prospects.

The foreign currency bonds during this time, they marked falls. Short-term ones like the Bonar 2029 lost 1.3%. Longer maturities like the Bonar 2041 were down 0.4%. The country risk is 1355 points, down 9 units.

Among market operators, they ensure that the government’s intention to approve the tax on large fortunes adds noise to the market. It is a complex argument to make. Argentina’s financial instability began over two and a half years ago in the Macri administration, in which the measures had a pro-market bias.

the The Treasury announced a new tender for this Thursday of debt in pesos. These are inflation-adjusted local currency bonds due 2021 and 2022. Fixed rate securities will also be placed with a two-year maturity.

the Central continues to manage the foreign exchange markets to avoid increases in the trading dollar. “By focusing on the foreign exchange market, 164 million dollars were exchanged, where the monetary authority once again recorded a negative balance thanks to sales close to 30 million”, specifies the brokerage firm Portfolio Personal.

It was added that “grain and oilseed exporters entered the foreign exchange market on Tuesday for about $ 76 million or so. The wholesale dollar closed at 80.15 per unit, 11 cents above yesterday’s close. ”

When the country’s tax and profit account fees are added to the retail price, the savings dollar reaches a value of 141 pesos. The figure is not much different from that of dollar (mep) action. This Thursday, it closed with a price of 145.9 pesos, rising at a rate of 1.3%.