#Mediacentral 2.4 series#
The BCRA chained a series of nine consecutive rounds with accumulated sales in the market for almost USD 1,200 million Market sources do not rule out that the monetary authority will decide this week a new increase in its reference interest rate, in line with the firm inflation in July that will be reported next Thursday. Also went negative for his intervention in 2022 with net sales in the wholesale market for USD 163 millionwhen it had obtained a net balance in favor in the same period last year of about USD 7,283 million as of August 8, 2021. On the last nine wheels, the BCRA accumulated net sales of USD 1,139 millionin the longest negative streak in two years, when throughout 17 business rounds the Central shed USD 1,551 million between August 19 and September 11, 2020.Īt the beginning of August, the BCRA accumulates sales in the interbank market for some USD 784 million dollars.
#Mediacentral 2.4 free#
The free dollar came down three pesos at the middle of the wheel, but cut the loss in the final stretch of business, after learning that the BCRA had to sell USD 84 million in the wholesale market. The exchange gap with the “blue” was 118.6 percent. In the wholesale segment, the dollar closed trading at $133.57, with a gain of 68 cents. Stock prices were mixed, with a “cash with liquidation” that rose to $286.21 and a MEP dollar that fell to $279.56, according to data from Reuters. In 2022, it records a profit of 40.4 percent. In August, the currency yielded four pesos or 1.4 percent. In the exchange plan, the Free dollar dropped one peso this Monday to $292 for sale. “Key clarifications on the implementation of the measures are awaited – so that they are part of a stabilization plan – since moving towards the correction of imbalances is urgent to improve expectations among economic agents”, commented the economist Gustavo Ber.īer added that “operators will also continue to pay attention to political signals, since having broad and sustainable support is crucial to moving forward in view of the associated costs.” On the eve, he appointed Flavia Royon in the Energy Secretariat, a key area where the multimillion-dollar subsidies that have caused significant financial imbalances are defined. Massa promised to lower the fiscal deficit, strengthen the scant reserves of the Central Bank, lower the rate of inflation and give a greater boost to trade. Sovereign bonds in the Electronic Open Market (MAE) improved an important average 2.9% in pesos, after finishing stable last week and improving 7.2% the previous one, due to expectations of changes in the economic portfolio. Global swap bonds earned 1% on average, with a risk country of JP Morgan who was yielding to 2,464 points for Argentina at 5:30 p.m. The leading stock index S&P Merval of the Buenos Aires Stock Exchange gained 2.4%, to 123,953 unitsafter falling 1.2% during the first week of August and improving a strong 38.5% in pesos throughout July.įor its part, the Argentine papers on Wall Street maintain the increases in up to 6.7% headed by YPF, at 4 dollarsand Banco Macro (+5.4%). The free dollar also fell and stock prices stabilized, but the worrisome outflow of foreign currency from the coffers of the Central Bank deepened. In the session, the gains for stocks and bonds stood out, in a path of recovery that extends for more than two weeks.
The markets gave an ambiguous response to the developments in political matters and the appointment of new officials, still awaiting signals on the implementation of a series of economic measures recently announced by the new Minister of Economy, Serge Massawho seek to order the country’s accounts. The headquarters of the Stock Exchange, in downtown Buenos Aires.