The Country Risk Exceeded 600 Points for the First Time in Six Months and the Official Dollar Closed at a Record $1545
14 Articles
14 Articles
The country's risk exceeded 600 points, its maximum since March, and the government suspended the issuance of debt in dollars, three months after a key maturity of 4.3 billion dollars. "This vicious circle clearly also undermines the government's strategy," an expert told Sputnik.
Milei's trip to the United States failed to control the indicator, which crossed the 600-point barrier following increases in inflation and poverty levels. Actions and reserves also fell.
The Argentine country risk climbed 5.4% this Friday and was placed in the 609 base points, overcoming the barrier of the 600 units for the first time in six months, in a day where the official dollar recorded a new historical record of $1545 for the sale in the National Bank and the financial assets [...]
The Country Risk exceeded the barrier of the 600 basic points this Friday and closed a week of increasing tension for the Argentine assets, after days of consecutive climbs. The indicator of JP Morgan reached to touch the 628 units during the wheel, although then it cut part of the rise and ended around 610 points. The speed of the change showed the deterioration of the financial climate. On September 11, the Country Risk had closed at 485 point…
The rise in rates in the United States coincided with a lower accumulation of BCRA currencies and signs of weakness in activity, a combination that deteriorated demand for Argentine assets. The correction focused on longer-term debt and financial equity, while the peso market showed greater stability.
Bonds fell 1.2% and JP Morgan’s indicator amounted to 609 basis points. S&P Merval yielded 1.6%, influenced by the decline in crude oil, which affected oil prices. Reserves fell USD 600 million for a payment to the IMF. The outflow of funds positioned in Argentine assets became evident [...]
Coverage Details
Bias Distribution
- There is no tracked Bias information for the sources covering this story.
Factuality
To view factuality data please Upgrade to Premium









