Stock exchange rates are falling amid appreciation of regional currencies. Gaps are consolidating below 40%.
The Financial dollars add a new fall this Friday, August 9, favored by the appreciation of the main currencies in the region. The exchange rate is close to $1,300 and the gap with the official exchange rate is consolidated below 40%.
The dollar MEP It has chained its fourth consecutive drop by $5.65 (-0.4%) and is now at $1,304.80. Thus, in the week it accumulates a contraction of $29.24 (-2.2%), for which the spread with the wholesaler regulated by the Central Bank (BCRA) falls from 42.7% to 38.8%.
For its part, the CCL falls $8.37 (-0.6%) to $1,304.55. In this case, the weekly cumulative figure shows a decline of $17.41 (-1.3%).
Investors are monitoring with concern the dynamics of reservesin the face of falling international soybean prices, a quarter in which exports and the use of foreign currency to influence exchange rates tend to decline.
On Tuesday the coffers of the monetary authority suffered their biggest daily drop in four monthsmainly due to a payment to the International Monetary Fund (IMF). Thus, they again approached the minimum since January that was verified at the end of July.
In this context, it was revealed that the Government would be negotiating with Banco Santander a $1 billion line of credit for the payment of principal on the bonds in January 2025.
Latin American currencies appreciate
After the turbulence that risk assets went through at the beginning of the week, the currencies of the region recovered in the last hours and show a tendency towards appreciation. The The Brazilian real appreciated 1.4% on Thursday, while the Mexican peso did so by 2.1%.
Financial markets were hit hard on Monday by fears of a US recession, rising interest rates in Japan and worse-than-expected balance sheets at technology companies.
Source: Ambito
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