G20 effect: The dollar fell $ 1.15 and the land risk fell with the Chinese swap – 03/12/2018



The dollar It dropped $ 1.15 this Monday to $ 37.61 And scored his fourth consecutive fall in banks, in line with what happened in the region and in the world still knew the truce for the business war for 90 days that presidents Tramp and Shi Jinping agreed in Buenos Aires.

It is not the only effect. At the beginning of the week Also, threat 26 points of land risk To build the floor of the 700 units, to be located at 680 basis points, according to JP Morgan.

In this case it was attributed to the currency swap with China announced last Sunday that Strengthen the central bank reserve by US. It. $ 8.7 billion.

The other good news came from the side of soybeans It has almost 1.5% rebounded, It. $ 332.44 a ton in Chicago. The world's bags were banned. The Argentine mewar rose 1.3%.

Another effect of the truce between China and the United States is what happened with the fall of oil, which is quoted in the case of burns, from the North Sea, and which is still an indicator of Argentina, It. $ 61, 92

That is, precisely, the price that is followed by investments in Vaca Muerta.

"The good start of the week for the Buenos Aires Stock Exchange, which, driven by the success of the multilateral peak, and despite the appreciation of the local currency, rose 1.35% with $ 778 million. Mirror and Metrogas, That rose 6.41% and 5.88% respectively, "the SBS group report said.

By the way, the decline in the dollar is more important in Argentina than in the rest of the region. In Brazil, it fell by 0.8%, in Mexico 0,5% and in Colombia by 1.4%.

Another fact that positively influenced Argentina is the reinforcement of the central bank reserves Following the Chinese swap for the equivalent of US $. It. $ 8.7 billion.

That changed the perception of many analysts. The same as the report revealed yesterday on the fulfillment of the goals by the Central Bank.

In turn, the central bank reported that Exceeded the zero emission target, Something that the markets read very positively.

Regarding the rates in the cash market among banks, the "call money" was operated on average at 58%.


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