After the new economic measures, the dollar fell slightly | Chronic

By BAbusiness

After the announcements made by the Minister of Finance, Hernán Lacunza, ratified by Mauricio Macri A few minutes before there are markets, the dollar started Thursday with a sharp rise, but throughout the day, the Central Bank opted for the rate and sale of reserves and the ticket went down, without drilling the floor at $ 60.

In the BCRA's official average, the US currency closed with a jump of 13 cents to $ 60.30 for the sale and $ 56.15 for the purchase, while in the National Bank, the US dollar closed the day without variation at 60 USD. $ 56 buyer.

Before the advance price, the plant deployed its firepower to contain the currency and sold for US $ 223 million in four tenders, in addition to raising the rate of Leliq more three points to 78,207%.

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On the wholesale market, the bill was reduced by 20 cents after the sharp rise last Wednesday and amounted to $ 57.90.

Last Wednesday, the government announced the extension of the closest maturities of domestic and foreign law obligations, the negotiation of payment terms with the IMF and the cancellation of Letes, Lecer and Lelinks held by institutional investors. clear the 2020-2023 scenario.
Lacunza tries to stave off the default ghosts, which drove the dollar above $ 60 the day before and left the country at 2112 points.

Country risk
The country risk indicator in Argentina returned to the lowest levels after rising by 145 basis points. Thus, the index prepared by JP Morgan scored 2112 points, at the end of Wednesday.

Bonds lower and dollar futures skyrocket
Argentinean bonds governed by foreign legislation record significant declines of nearly 3% and dollar futures are traded with increases above 14% over a one year period.

Argentine securities appear in red on Wall St, shortly before the formal round, bonds expiring in 2021 and 2022 resulting in losses of more than 2.8%.

Among Argentine companies operating on the New York Stock Exchange, those of Banco Macro sold 3.5%; IRSA Commercial Properties fell 3.7%; and Transportadora Gas del Sur was down 0.8%.

For papers subject to local legislation, the largest decline was recorded for Bonar 37 with a decline of 8.4% and the dollar pair with a 7.9% decline.

In dollar futures, with delivery, as of May 2020, the note is quoted at 104.50 pesos, which represents an increase of 12% compared to last Wednesday.

In contracts without delivery, one year is agreed at 116.64 pesos, up 14.24% compared to the last closing.