After having fallen in the previous day, at the end of the week the blue dollar advances and continues to consolidate itself as the most expensive price in the foreign exchange market. In turn, while operators closely follow developments around the in principle according to the International Monetary Fund (IMF), bonds operate in negative terrain and country risk rises.
This Friday the parallel exchange rate came to $215.50, fifty cents more than the previous close and $1.50 higher than last Friday. In this way, he was seven pesos away from his historical nominal maximum, $ 222.50, a figure that he reached on Thursday two weeks ago.
The financial dollars do not register great variations. the MEP through the purchase-sale of Bonds AL30 is shown on screens $207,39 (-0.2%) and with GD30 securities, at $207.31 (+0.1%). The counted with liquidation (CCL), which usually has a higher value because it allows dollars to be settled abroad -and legally-, is sold to $215,34 with LA30 (+0.2%) and $215.31 with GD30 (+0.4%).
From Personal Investment Portfolio (PPI) they warned that excess weight “is still latent and is exorbitant”. In historical retrospect, current liquidity (measured as Private M2 at constant pesos) is one of the highest in recent years, barely surpassing the levels of July 2020, the prelude to the soaring of financial dollars in the month of October. The records at that time, measured in today’s pesos, are above the current values: $286 for the MEP and $308 for the CCL.
“Beyond the fact that a nominal explosion like the one back then does not occur, an exchange rate gap of 100% continues to be harmful and unsustainable for economic activity. It is hard to think of a decompression that goes much further than the current one. February will be long and the match is open,” the report stated.
The official wholesale dollar is offered at $106.11so the gap with the wholesaler it continues to be above 102%. The official retail dollar is exchanged in the main banks of the country $111,66 average, and the dollar I save -with a 65% surcharge- plays the $184,23according to information published daily by the Central Bank (BCRA).
On the other hand, the country risk advances six units and stands at 1,790 basic points (+0.3%). However, it is still 110 points lower than on Thursday, January 27, one day before the Government announces the principle of agreement with the International Monetary Fund. The bonds of the last debt swap operate in negative territory: abroad they sink 2% (Bonar 2029) and at a local level up to 1.2% (AL35).
The S&P Merval it is positioned at 88,423 units, 1% up compared to Thursday. The local stock exchange panel is led by the companies energetic: Pampa Energía (+4.5%), YPF (+2.5%), Transportadora de Gas del Sur (+2.2%) and Transportadora de Gas del Norte (+1.9%).
As for the Argentine shares listed on Wall Street (ADR), today they operate mostly in the green: Pampa Energía shares rise 8.4%, followed by Grupo Financiero Galicia (+5.3%), Banco Francés (+5.2%) and Banco Supervielle (+4, 7%).
