US EditionThe Government Would Have Sold About Us$500 Million a Week and the Country Risk Exceeded 900 Points
5 Articles
5 Articles
In the previous election, the government managed to impose this week its plan to contain the price of the dollar, even though it had not even come to defy the ceiling of the exchange rate band agreed with the IMF. It did so, yes, at a very high cost and complicating, at the same time, its objective of trying to return to the global debt market in the coming months. Thus, it managed to get the wholesale dollar, which had gone up $30 on Monday (a …
The dollar closed in 1380 pesos in the middle of the Treasury's intervention so that the currency dynamics do not affect the electoral outcome of the ruling party.
In just four days the Treasury sold $500 million to contain the price of the dollar, the index produced by JP Morgan exceeded 900 points and reached its highest level in almost 5 months. It follows the draining of dollars. After operating for almost the entire rising wheel, the official wholesale dollar closed the day this Friday at $1,355, due to official intervention both in the official exchange market (MULC) and in the future. In the previou…
The official dollar closed this Friday at $1,340 for purchase and $1,380 for sale at Banco Nación, with a $5 raise compared to Thursday. In the banks, the retail average was $1,387.86 and the highest price reached $1,390. Thus, the currency ended the last wheel prior to the legislative elections in the Province of Buenos Aires below the $1,400 barrier it had exceeded at the beginning of the week. The decline occurred after the Treasury’s interve…
The expert in capital markets said in dialogue with "QR!" that the ruling party "put all the meat to the roaster in a provincial election," but warned that if the government rose with the victory in Sunday's legislative elections in Buenos Aires province "nothing would be resolved, because the imbalances are in sight and the market is demanding that it reset the plan." Read more
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