In that context, BYMA’s S&P Merval rises 2% to 140,052.22 points, in line with Wall Street by general rearrangement of prices with predominance over energy and financial titles.
business moves “seeking to recover reserves according to the agreement reached between the Government and the main agricultural export chambers to increase the supply of foreign exchange”remarked the Cohen settlement and clearing agency.
The agreement between the parties foresees that this week some $1 billionof which some 320 million were settled on Tuesday, to reach the end of the month with some 5,000 million dollars.
Based on provisional data, the BCRA’s total reserves are around 36,600 million dollars and, according to private analysts, it seeks to swell the numbers to about 42,000 million as a base for a little over three weeks.
Operators do not rule out that the BCRA will increase its reference rate this week after the Government’s decision to order a special exchange rate for soybean exportersto sterilize the prevailing liquidity, in line with what was advanced to Reuters by a source with knowledge of the matter.
Massa is in the US to hold different meetings, including with leaders of the International Monetary Fund (IMF) and businessmen from the energy area. On Tuesday, Argentina and the Inter-American Development Bank (IDB) agreed to expand financing to almost 5,000 million dollars between 2022 and 2023.
Bonds and country risk
In the fixed income segment, Argentine titles in dollars operate unevenly. Drops of up to 1% respond to global ones GD30D, GD29D and GD35D. The bonarsinstead, they advance up to 1%, led by AL29D and AL35D.
Against this, the risk country measured by JPMorgan it fell a slight 0.3% to 2,364 basis points.
Source: Ambito
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