The blue dollar in free fall: loses more than 7% in 2021 (Reuters)
Following the submission of an improved proposal to restructure its debt, the shares of the oil company YPF They recovered Threshold is $ 4 This wednesday and On two wheels accumulated an increase of 18% in “hard currency”.In contrast to the global trend of global stock markets, which operated with an average drop of 2% in its major indices.
Domestically, he stressed that Free dollars I offered it a two peso drop $ 154 In the discounted parallel market, at its lowest price since December 22nd. So far this month, Blue is adding one A decrease of 12 pesos, or 7.2 percent.
In the market Wholesaler The dollar advanced nine cents to $ 87.11, And the Drainage gap With the currency on the parallel market It reached 76.8%, The youngest since September 15 last year.
The amount circulating in the cash slide (spot) Arrived to 185.8 million Of dollars. Estimated sources for $ 10 million negative balance From BCRA to its intervention.
The Economist Gustavo Beer He emphasized that the official exchange rate “remains respected Slip-out Imposed by BCRA, even as it resumed sales of its interventions. Rather, they are Money trying to get bigger search coverage, Despite the fact that its upward adjustment is still regulated by interventions. “
In the past seven rounds of wholesale sales, BBK has accumulated a negative net balance of US $ 200 million due to its interventions
Authorized Purchase Orders once again dominated today’s development, a requirement Formal interventions To meet the unsatisfied demand, “he summed up Gustavo Quintana, Operator PR Exchange Brokers.
In the average bank, The dollar price ended up to the public very close to the “blue” price: It’s old To $ 152.53 in average banks, With a surcharge of 65% for the joint application of Argentina’s Comprehensive and Inclusive Tax (PAIS) and receipt as a down payment of dividends.
As the official dollar and stock markets advance at a higher rate of inflation, the free dollar fell 7% in January
As for the dollar that is traded through equity assets, this deepened the upward trend in January, and now in the region $ 150.16 cash with settlement And $ 147.39 for the dollar, in a market that interfered with the sale of sovereign bonds in the hands of public organizations.
Risk aversion abroad
Alongside the rise in shares of state oil company YPF, Argentine sovereign bonds fell again due to mounting uncertainties generated by the outlook for the local economy.
The Sovereign dollar bonds With foreign law Decreased 1.2% On average, Country of danger From Argentina, prepared by JP Morgan, provided 18 integers, to 1448 points Basic.
Stock index Standard & Poor’s Merval From the Buenos Aires Stock Exchange 1% improvement, To close at 49,970 units after a bearish start, driven by the significant improvement in YPF shares.
Surnames of the state-owned company It rose 6.6% in Buenos Aires and over 8.2% in New York Square (to $ 4.05)After earning more than 10% on Tuesday after adjusting his swap offer.
The state-owned YPF, which seeks to restructure about $ 6.2 billion in interest and capital maturities between 2021 and 2022 for its negotiable obligations, said Tuesday it has amended its debt swap offer to make its proposal more attractive.
YPF managed to extend the “ momentum ” that unlocked the improvement in debt swap offer: it rose 18% in dollar on two wheels
Under Complete uncertainty, The focus is on Debt negotiations with the International Monetary Fund. Although there is more optimism than there was a few weeks ago, there is still a lot to do. ” Portfolio of personal investments.
Bonds traded in the Open Electronic Market (MAE) closed with an average decline of 0.7% in the peso, with the Bonar 2030 Index (AL30D) losing 0.8%.
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