This week's financial market closed with dollar stability and falling stock prices. At the Banco Nación, the US currency closed at ARS 1,420, about ARS 30 less than on Monday. In contrast, the stock market was volatile. There were particularly sharp declines in Argentine stocks listed on Wall Street. Affected by the plunge in New York, a group of Argentine ADRs has accumulated losses of over 10%. According to Noticias Argentinas, the Central Bank took the opportunity to continue buying foreign exchange in the market. On this Friday, it was USD 42 million, bringing the total acquired since the start of the daily acquisition program at the beginning of the year to USD 2,091 million. In the financial sphere, the country risk closed the week at 519 points, a 1% increase this Friday. Nevertheless, bonds showed an improvement of 0.9% in the Globals, which are primarily traded on Wall Street. For stocks, the week was very adverse.
Argentine Stocks on Wall Street Fall, Dollar Stable
Argentina's financial market closed this week with a stable dollar and falling stock prices. Argentine companies listed on Wall Street suffered significant losses, while the Central Bank increased its currency reserves. The country's risk premium also saw a slight increase.