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Argentine assets on Wall Street fall and country risk remains above 470 points
AR🏛️ PoliticsCenter7 days ago

Argentine assets on Wall Street fall and country risk remains above 470 points

The Argentine financial market experienced negative performance on Thursday, marked by stability in the official exchange rate and anticipation of July inflation data. The S&P Merval index fell 0.7%, while Argentine ADRs declined up to 1.7% on Wall Street. The country risk index remained around 467 points. The government announced plans for the Central Bank to purchase an additional $10 billion before the elections. The official dollar rate stayed at $1,515, while the blue dollar increased by $5. In New York, leading stocks like Loma Negra, Ternium, and BYMA saw declines, though Edenor rose 4.5%. Sovereign bonds showed mixed performance, with some rising slightly and others falling. The government successfully rolled over more than 100% of its debt, raising $50 million through the Bonar 2029 bond. Private estimates suggest July inflation could reach 2%, up from June’s 1.9%, generating market expectations.

On Sunday, August 16, there was no activity in the financial market, and both the official peso and the blue peso were quoted based on the closing values from the last business day of the week. The official dollar, traded at Banco Nación, closed at $1,460 for purchase and $1,510 for sale. Meanwhile, the blue dollar, which circulates in the informal foreign exchange market, operated at $1,498.65 for purchase and $1,545 for sale during the last business day. The previous day, Saturday, August 15, also saw no trading activity, with similar reference points used for both currencies. On Friday, August 14, the official dollar was quoted at $1,460 for purchase and $1,510 for sale, while the blue dollar was priced at $1,520 for purchase and $1,540 for sale. The market remained inactive over the weekend, with traders relying on the latest available data from the preceding business days. In addition to the official and blue dollars, other currency types such as the MEP (dollar Bolsa) and the CCL (contado con liquidación) continued to be tracked. These financial dollars involve mechanisms through stock exchanges, including the sale of bonds and stocks. On Friday, the MEP opened at $1,517.50 for purchase and $1,522.50 for sale, while the CCL was quoted at $1,575.50 for purchase and $1,576 for sale. The dollar cripto, which operates through cryptocurrency platforms, closed at $1,569.98 for purchase and $1,573.90 for sale on the same day. For individuals looking to buy dollars via home banking, banks have allowed this operation since the removal of the exchange control restrictions. However, each bank has defined operating hours for such transactions, and users are advised to check their respective institution’s guidelines. The process involves consulting the relevant bank's platform and following its specific procedures. Regarding inflation, the national rate recorded 2.1% in July, ending a three-month trend of slowing acceleration. Experts suggest that prices will continue to show a slight downward trend starting in August, albeit slower than anticipated by the government. Year-to-date, price increases have accumulated to 19.3%, while the annual increase stands at 22.8%. The core inflation, excluding seasonal and regulated prices, reached 1.8%, slightly higher than the June figure. The risk country indicator, developed by JP Morgan, stood at 469 basis points on Friday, August 14. This measure reflects the difference in yields between U.S. Treasury bonds and those of other countries, indicating the perceived risk of investing in Argentina compared to global markets. On the same day, the dollar majorista was quoted at $1,492.00 for sale, while the euro was bought at $1,720.00 and sold at $1,780.00. The retail dollar remained stable at $1,515 for sale, and the blue dollar was priced at $1,540 for the same transaction. Throughout the day, updates on the dollar’s performance were continuously monitored, with the official dollar opening at $1,465 for purchase and $1,515 for sale at Banco Nación. The blue dollar typically becomes known later in the morning, usually between 11 and 11:30, as financial institutions and informal exchange operators begin to set the parallel rate. Bitcoin, meanwhile, was quoted at US$62,969.96, reflecting its ongoing relevance in alternative investment channels.

3 reports

La Nación logoLa NaciónIndependent🔒CenterFactual 95Objective 957 days ago
Dollar today and dollar blue today: how much is it trading this Sunday, August 16

On Sunday, August 16, there was no activity in the financial market, so the exchange rates for the official peso and the blue peso were based on the closing values from the last business day of the week. The official peso closed at $1,460 for purchase and $1,510 for sale, while the blue peso, traded in the informal foreign exchange market, closed at $1,498.65 for purchase and $1,545 for sale. Financial pesos, including the MEP and CCL, were also reported, with their rates determined through stock market mechanisms. The article also mentions that since the removal of the currency control, banks allow purchases via home banking, though specific procedures vary by institution. Additionally, July’s inflation rate rose to 2.1%, ending three months of slowing growth, with annual inflation reaching 19.3%.

Bias read (Center): The article presents factual economic data without overt ideological framing. It reports on exchange rates, inflation figures, and financial market practices in an objective manner, relying on official statistics and market trends rather than advocacy or commentary. There is no evident leaning to a左

Why factuality (95): The article provides specific figures for the official dollar ($1460/$1510) and blue dollar ($1498.65/$1545) from the last business day before August 16, which aligns with the cross-source consensus seen in other articles. The information is clearly sourced from the Banco Nación and informal markets

Why objectivity (95): The article presents the information in a neutral manner, focusing on factual data without editorializing or taking sides. It explains the context of non-market activity on weekends and provides clear distinctions between different types of dollars.

La Nación logoLa NaciónIndependent🔒CenterFactual 95Objective 958 days ago
Dollar today and dollar blue today: how much is it trading this Saturday, August 15

On Saturday, August 15, there was no activity in the financial market, so both the official peso (dólar oficial) and the black-market peso (dólar blue) were quoted based on the closing rates from the last trading day of the week. The official peso closed at $1,460 for purchase and $1,510 for sale, while the blue peso traded at $1,498 for purchase and $1,545 for sale. The article also mentions the performance of financial pesos like the MEP and CCL, which involve mechanisms such as selling bonds and stocks. Additionally, it provides information on how to buy dollars through home banking after the exchange control restrictions were lifted, and notes that July’s inflation rate was 2.1%, ending three months of slowing growth. Annual inflation reached 19.3% for the year, with core inflation at 1.8%.

Bias read (Center): The article presents factual economic data without overt ideological framing. It reports on currency exchange rates, inflation figures, and financial procedures without taking a clear stance on policy or political implications. The tone remains neutral, focusing on objective updates rather than crit

Why factuality (95): This article accurately reports the official and blue dollar rates from the previous business day (August 14) for August 15, when there was no financial market activity. The figures match those reported in other articles, and the explanation of the 'cepo cambiario' and home banking process is consis

Why objectivity (95): The article remains highly objective, presenting only factual data without any subjective analysis or commentary. It clearly states that weekend rates are based on the previous business day’s closing values and avoids any biased interpretation of the information.

Perfil logoPerfilIndependentCenterFactual 85Objective 8010 days ago
Argentine assets on Wall Street fall and country risk remains above 470 points

The Argentine financial market experienced negative performance on Thursday, marked by stability in the official exchange rate and anticipation of July inflation data. The S&P Merval index fell 0.7%, while Argentine ADRs declined up to 1.7% on Wall Street. The country risk index remained around 467 points. The government announced plans for the Central Bank to purchase an additional $10 billion before the elections. The official dollar rate stayed at $1,515, while the blue dollar increased by $5. In New York, leading stocks like Loma Negra, Ternium, and BYMA saw declines, though Edenor rose 4.5%. Sovereign bonds showed mixed performance, with some rising slightly and others falling. The government successfully rolled over more than 100% of its debt, raising $50 million through the Bonar 2029 bond. Private estimates suggest July inflation could reach 2%, up from June’s 1.9%, generating market expectations.

Bias read (Center): The article provides factual economic updates including currency rates, stock performances, and government debt management. It mentions the government's plan to purchase dollars before elections but does not take a clear stance or use biased language. The content remains neutral in tone, focusing on

Why factuality (85): The article provides detailed financial data including market performance, exchange rates, and government actions. It reports on the S&P Merval decline, ADRs performance, inflation expectations, and central bank interventions. The information aligns with typical economic reporting standards and does

Why objectivity (80): The tone remains neutral, presenting both positive and negative market movements without overt bias. However, there is a slight editorial tilt by highlighting specific companies like Loma Negra and Edenor, which may suggest a preference for certain market segments. The overall framing is balanced bu

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