Wednesday , September 28 2022

Although everyone watched the fall in the dollar, the news that brought the biggest relief was that the country was at risk


The silence between China and the US developed during a Saturday lunchtime during the G20 summit, He came down the dollar in the world and pushed oil up 4.04%.

The break in the commercial war not only benefited from Argentina where the dollar fell by more than 2%, but in almost every country that emerged, including Brazil. Then he lost the 0.80% dollar against the real. It also loses to the world's bigger money. The DXY index showed the US currency with a fall of 0.25 points against the euro, yen, pound sterling, Canadian dollar, Krona Sweden and Swiss franc.

In Argentina, the euphoria caused the G20 to leave the dollar financial sector in exchange houses and banks to reduce from $ 1.74 (-2.97%) to $ 37.62. The "blue" with a few operations has lost 2% and has closed at $ 36.

The wholesale dollar also ended. The fall was important. He lost the dollar used by exporters of $ 1.25 and was closed at $ 36.54. Only 40 cents are separated from the floor of the photocopying band. According to the agreement with the IMF, when the dollar falls to $ 36.14, the Central Bank should go out and buy foreign currency in order not to retire.

In any case, an experienced operator noted that "these movements will not last for more than ten days, then everyone is preparing for a holiday and there are companies that turn off overseas. Many people do not want to worry and dolerize their portfolio at this time of year. Today's sellers were not so much, but they were too ambitious that pointed out the world's trend because they needed pesos. "

The international reserves increased by USD 110 million to 51,303 million. The earnings achieved by the euro and gold increase have revalued the reserves by 88 million. Money exits were given by paying to international organizations for 30 million and a million for Brazil to compensate for foreign trade operations.

The Central Bank took advantage of the favorable wind to reduce the rate in the Presentation of Liquidity Letters. It took $ 160,231 million, a maximum of 60.49%, which is 0.54 points lower than what was quoted at the last auction last week. As the maturity was lower than what it held, it took $ 25,382 million out of circulation. It left the place drier and it will increase the recession that shows its face in the lowest collection of taxes, while reducing the sale of real estate and cars, when falling sales of electronics, clothing and tourism or refusing checks or live on credit cards. There was no item safe from the financial crunch. The big victim is employment. In addition, this dollar reduction directly affects exporters who hold four pesos per dollar they export. This reduction really delays the dollar value.

In the United States, where big bang From euphoria, analysts make it a short-term party that the problems with China will continue and this break is convenient not to gambling life in the stock sector and commit & The error of revaluation & actions as they did until the end of September past

The US Treasury Bonus is still at very high levels, which is why its income is 2.99% in 10 years. But there is a problem, the product curves have been reversed. Now the shorter titles produce more than the later ones. This situation occurs when investors are afraid of an emergency. For the time being they are covered by the rate hike the Federal Reserve has planned this month.

Anyway, the Dow Jones raised Wall Street by 1.13%. The S & P 500, the widest and most important index, is higher 1.09%. The Nasdaq (+ 1.51%) was the one who had the biggest bounce because the most beneficial illness in the commercial war is the greatest benefit. China also lived in an euphoria wheel. In Shanghai, China China A50 rose 2.63%.

The VIX, known as fear index, has fallen by 9% to 16.44 points. It's in the boom zone. When the 20 points transfer the concerns start and when there are more than 30 points there is an emergency.

The debt bonds were the most popular by the summit. When the bonds rose, because their prices fell less than the ticket, the country had a significant deterioration of 2.12% which resulted in 691 basic points and moving from & # 39; The area is 700 points.

The Stock Exchange raised 1.21% with a good sum of business of $ 767 million. Mirgor (+ 6.41%), the company was the most outstanding. Metrogras (+ 5.88%) followed in favor of investors.

On Wall Street, Argentina's ADR, holding hold certificates quoted in dollars, had almost increased. Pampa Energy with 6.54% was the best of the wheel. Improvements scored for 5.90% and Ternium recovered 5.34%.

The story did not stop. He will continue to write on Tuesday. Central Bank is a worry that fears dollarization in December and has continued with the only tool of interest rate because it can no longer interfere with future markets. She still knows how much the rate can be reduced without affecting the fixed terms. Monday should not count as a merit because it is a general reduction in the dollar on the planet by the news that came out of Buenos Aires on the commercial war.

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