Dollar today and blue dollar today: the minute by minute price of Wednesday, September 14
At the local level, the Buenos Aires bag It gains ground this Wednesday based on renewed purchases between shares in the energy sector, which are used as a hedge against high inflation and the devaluation of the peso.
The S&P Merval Index It rose 1.9% to 145,787.32 points, after Monday’s all-time record of 147,135.35 intraday units. The papers of the generator Pampa Energía rose 1.91% and those of the energy transport company Transener gained 2.89%.
INDEC will disseminate the Consumer Price Index (IPC) in the afternoon August, which according to a Reuters poll would have registered a rise of 6.6% in August. Also, the operators They do not rule out that the central bank (BCRA) decides an increase in its reference rate to adapt to the escalation of inflation and the need to sterilize currency in the market.
“The ‘soybean dollar’ is a desperate measure to escape in the short term (without devaluing), which is not sustainable in the medium term and would have a (fiscal) cost of around 20%, although from a non-financial source and quite recurrent,” said Roberto Primer of Vate Research.
The Government expects to add some 5,000 million dollars to the reserves in September, coming mainly from soy agro-exporters, to whom it recognizes 200 pesos for each dollar settled against the almost 143 of the official exchange rate.
“ There is a strong monetary expansion with the price differential for soybeans, which is going to translate into more inflation,” affirmed the economist Roberto Cachanosky in television statements.
The macroeconomic goals provided for in the agreement signed between the International Monetary Fund (IMF) and Argentina at the beginning of the year will continue unchanged, based on what was agreed this week between the Argentine Minister of Economy, Sergio Massa, and the managing director of the IMF, Kristalina Georgieva, after a meeting in Washington.
Bonds and country risk
In the fixed income segment, sovereign bonds in dollars operate with the majority of falls of up to 1.4%, led by Global 2029, Bonar 2041 (-1.2%), Global 2030 and Bonar 2030 (-1.1%). ). Waiting for the inflation data that could be in the order of 6.5%, CER-adjusted bonds rise up to 2% thanks to PR13, PARP (0.7%), TX28 (0.5%) and TC23 (0.5%).
In this context, the Argentine country risk measured by JPMorgan 1.5% to 2,345 basic points, at its highest rise in two weeks.
Source: Ambito
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