Country risk continues to advance

This Thursday the little trees of the city Buenos Aires they sold the blue dollar at $ 209.50. Despite the fact that the advance is of a weight compared to the previous day, it is the highest closing value on record.

On Thursday, December 30, the last business day of 2021, the currency that is traded in the informal market it reached $ 210. However, by the end of the day it fell two pesos and closed at $ 208.

This new maximum occurred on the same day that the Government released December inflation. Last month the general increase in prices accelerated to 3.8%. Thus, it accumulated 50.9% in 2021. “If inflation does not fall below those levels and the Central Bank does not stop issuing to assist the Treasury, the exchange rate will inevitably rise”Observed financial analyst Christian Buteler.

At the other extreme, the official wholesale dollar was sold at $ 103.77, so the difference gap between the two is 101%. “The respite that the balances in the interventions in the last wheels have been granting is allowing the Central Bank (BCRA) to rehearse an acceleration of the crawling-peg, something that was expected to avoid accentuating the delay and also aim to close the gap “, said the economist Gustavo Ber, from the Ber study. So far this week, it has already accumulated a rise of 49 cents compared to last Friday.

In the banks it was offered the official retail dollar at $ 109.10, according to the daily survey carried out by the Central Bank (BCRA). The other record came from the hand of the saving dollar, quote that has a surcharge of 65% in taxes: today it hit $ 180 for the first time.

Financial dollars are registering some declines. The Mep dollar or “Stock” with AL30 bonds is traded at $ 200.64 (-0.7%) and with GD30 at $ 200.40 (-0.8%). The dollar counted with settlement (CCL) o Cable AL30 is shown on screens to $208,03 (-1.4%), through GD30 at $ 207.65 (-1.1%) and with Cedears at $ 207.40 (-0.5%).

For economists, until there is an agreement with the International Monetary Fund (IMF), probably in March, the bonds of the last debt swap will continue to operate in negative territory and the country risk will tend to rise.

Undoubtedly, the negotiation with the IMF is the most exhausting issue currently facing Argentine debt. The positive signals still do not appear and time is running out to reach an agreement before March with the payment of capital for US $ 2,879 million to the IMF itself ”, highlighted from Personal Investment Portfolio (PPI).

Country risk continues to advance Archive

This Thursday the index prepared by JP Morgan advances 23 units and stands at 1856 basis points (+ 1.3%). This occurs as a consequence of the sinking of the sovereign titles: abroad they fall to 1.6% (Global 2030) and locally they fall by 4% (GD46).

On the other hand, the S&P Merval operates in 85,637 units, 1% higher compared to Wednesday. In the panel of the local stock market, the shares of YPF (+ 3.8%), Banco Macro (+ 3%), Cresud (+ 2.4%), Aluar (+ 1.9%) and Central Puerto stand out. (+ 1.1%).

Argentine stocks listed on Wall Street (known as ADR). The papers of YPF trepan un 4%, followed by Banco Macro (+ 3.1%), Central Puerto (+ 2.7%) and Despegar (+ 1.8%).

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