The wholesale dollar drops after a bullish start after the judges of the Court of Appeal of the Second New York circuit suspended the delivery of 51% of YPF’s shares to the funds that earned US $ 16,099 million in the jucio for the expropriation of the oil company that occurred in 2012.
The official wholesale dollar slows its upward trend This Tuesday and goes down after overcoming $ 1,290, while the retopard of the first time for the first time The $ 1,300. The truce occurs after The Court of Appeal of the Second New York circuit suspended the 51% delivery of YPF shares to the funds that won US $ S16,099 million in the jucio for the expropriation of the oil company that occurred in 2012.
The Court of Appeals of the Second American Circuit in Manhattan granted Burford Capital and Eton Park capital management, winners of the sentence, Until July 17 to oppose Argentina’s request for a prolonged suspension while the country appeals the assignment. The Government has until July 22 to respond, and the matter will be reviewed by the “next panel available” of three judges, according to the Court of Appeals.
Remember that American Judge Loretta Presska Argentina had rejected on Monday to suspend the transfer of shares of the national oil company YPF to Burford and Eton Park.
Known the news, the wholesale exchange rate dropped $ 5 to $ 1,275. In the last three weeks he advanced near $ 100. In the National Bank, meanwhile, the price advances $ 5 to $ 1,300.
In parallel, the Future dollar contracts operate, despite signals of official intervention in the market.
In the parallel market, the blue dollar scale $ 10 to $ 1,350, its maximum level from April 11. And financials also operate disparate: the CCL advances at $ 1,297.39 and the MEP yields $ 1,292.09.
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In another order, the Finance Secretariat An announced on Monday a called Extraordinary Banks to Banks to redeem Fiscal Liquidity Letters (LEFIS) -which will cease to exist this week- By LECAPS AND BANCAPS, in the context bulky maturities in pesos in next month and a half.
Source: Ambito
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