After the impasse of the long weekend, the blue dollar was climbing again and It approaches $ 1,300. In this wheel listed at $ 1,295, A jump of 15 pesos on the closure of last Friday.
The bullish possession is replicated with less intensity in financial dollars, which advance 0.3% in the case of the MEP, to reach $ 1.290and 0.6% in cash with liqui, to stretch to $ 1.293.
With these movements, alternative dollars resume the upward trend that they had been showing in the first part of the month and that had been attenuated last week. Now the market is expectant to the advances of the agreement with the Monetary Fund, In the middle of the promises that will be closed for mid -April.
The market celebrates advances in negotiations, which explains the rebound of Argentine actions. In Buenos Aires, Merval rises 2.3% and accumulates a 12.9% rebound.
In New York All ADRs move up. The ones that stand out are supervielle with 5.9% and Banco Macro with 5.7%.
Argentine dollars in dollars combine increases and low and the country risk increases to 771 basic points.
In the exchange market, uncertainty is greater because It is not clear what will happen to the official dollar -What for now fits 1% monthly- and with the stock once the agreement is closed.
“There is a very big expectation for the agreement with the IMF, mainly in disbursements and their schedule. That is whyto uncertainty for the post unification exchange regime, if it will be flotation or fixed exchange rate, and what the government played in exchange for the agreement. The market wonders if there will be a devaluation or a relaxation of crawling, “says Horacio Miguel Arana, economist of the International Base Foundation
“The maintenance of the stocks and the change controls, although lower than a year ago, sooner or later they could generate this type of noise. The reserves are still negative and the government has admitted that it will not leave the stocks without strengthening them before. Hence the IMF and the country risk, the most direct channels to the debt markets, become so relevant. Today, we do not have access to the international market with this level of country risk“Arana added.