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he dollar interbank Argentina this Friday was appreciated during the session preceding the primary elections for the presidential race of the South American country, while the external scenario revived worries after the discouraging comments of Donald Trump on the future of the business talks with China.
he Argentine Peso in the main square fell slightly by 0.09%, to 45.25 / 45.33 units per dollar, the intervention of the official bank having replaced the place of the futures contracts.
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The Argentineans will go to the polls Sunday at the so-called "STEP" to ratify the candidates in the general elections to be held in October, where the president Mauricio Macri He will ask for reelection.
"The market expects a limit of four or five points difference between the two main political forces (in favor of the opposite formula), a minor fact would be a good result – for investors – if the difference is more big, it would be very bad news, "said recently Matías Roig, director of Portfolio Personal Investment (PPI) on the radio.
"Similarly, regardless of the market's reaction on Monday, it is also true that over the past year, many people have spread their positions in Argentina and find a level of local assets that would not be there. they feel tolerable for the binary scenario we are living in "he added.
The Argentine country risk, realized by the JP.Morgan bank, lost 10 basis points to 885 units (GMT 2005), while sovereign bonds in the over-the-counter market gained an average of 0.3%.
The stock market is rising, encouraged by the buyout of financial paper, the prudence of investments and the reduction of liquidity, said the operators. The S & P Merval index in Buenos Aires rose 1.90% to 41,877.69 points, highlighting the stock enhancement of the giant Grupo Financiero Galicia (GFG) with 3.42 %.
The risk rating agency Moody & # 39; s he just pointed out that a weak economy and uncertain public policies in Argentina The credit risks of corporate issuers will increase at least until mid-2020. High inflation, around 50% per year, and political doubts, are two major conditions for companies.
Source: Reuters
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