The dollar sells for $ 57 at Banco Nación

The dollar opened today with a rise of 1 peso and was trading at $ 53 for the purchase and at the $ 58 on sale at Banco Nación, but after the intervention of the Central Bank, he returned to the closing value of Friday: $ 57. At the same time, in several private entities, it was running at US $ 59..

After a "black Monday" on the foreign exchange market, with a sharp drop in equity positions of Argentine companies and country risks of 1900 basis points, a market opening with strong pressure on the US currency was expected.

Earlier, at a press conference, Finance Minister Hernán Lacunza had estimated that "no higher exchange rate is needed"and admitted that"the electoral process is not indifferent to exchange rate stability and price stability. As the market is more attentive to the future than to the present, it is sometimes more important than what the government can do, which is what the opposition can say. "

Then, the president of the central bank, Guido Sandleris, Said the monetary authority "will continue to absorb pesos and will continue to intervene on the foreign exchange market"He also reiterated that international reserves "will be used to preserve the exchange rate and ensure the stability of the financial system".

The bag falls

The Buenos Aires Stock Exchange opened today with a minimum of 8.31% in its main index, S & P Merval, located at 27,878.72 points, with a stocked volume of 68.1 million shares. dollars.

The balance of business recorded 11 increases, 37 papers down and 8 unchanged, while ADR listed on Wall Street have recorded highs and lows.

News in development …