Fernández, in a statement Thursday night, said the ruling is unprecedented, impossible to comply with and that is motivated by political issues. “The Supreme Court intends to take resources from all the provinces to give them to the head of government of the CABA (City of Buenos Aires),” said the President.
Dolar blue
The blue dollar closed higher on friday and touched a record level of 6 months. In this way, he finished with a third weekly advance and accumulated $19 in the last 5 days.
The parallel dollar jumped $10 and closed at $340, according to a survey of Ambit in caves of the City of Buenos Aires. It was the highest price of the informal dollar since the run at the end of last July when it reached $350 intraday, and $338 as the closing limit (July 22), in moments of a political crisis of the Government, product of the departure of the then Minister of Economy, Martín Guzmán.
Country risk and bonds
In the fixed income segment, The main dollar bonds closed mixed on Friday but ended a strong rally of the previous days that had registered significant gains. Friday’s losses were led by Bonar 2029 (-4.2%), and Global 2041 (-2.4%).
The readjustment of the bonds was in line with an unusual break in the trend of Argentina’s country risk measured by the JP.Morgan bank, which rose 3.5% up to 2,173 basis pointsafter previously moving at minimum levels in just over six months.
Source: Ambito
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