The dollar is open | Up to 40 cents your quote …

The dollar price opened the week with an increase of 40 cents to reach 46.60 pesos in the retail segment. International and local components fuel currency volatility, in a liberalized market where there were few instruments to manage the pressures. The trade war between the United States and China adds local political news: a new electoral defeat of Cambiemos and the announcement of the presidential formula led by Alberto Fernández.

In the wholesale segment, where major players account for more than $ 1 million, the currency rose 40 cents to 45.40 pesos. The initial increase in the exchange rate began to be described before the opening of the local financial market.

Argentine bonds saw slight declines in international markets, which worsened the collapse of the past few days. The country risk index started the day with a further 1.4% increase to reach the 959 basis points. The deterioration of financial conditions in Argentina did not have an international correlation. Neither Turkey nor Brazil has recorded significant movements in their markets.

Last week, the central bank's reserves dropped by $ 1117 million to $ 66,994 million. The IMF's board of directors will define the fourth disbursement of the loan in the coming weeks for an amount close to $ 5.4 billion. In this vote, the body headed by Christine Lagarde must also support the change in foreign exchange intervention policy allowing the sale of hard currency to try to manage the price of the dollar. The Treasury Palace expects the funds to be recorded in the national accounts in early June.