The opening of the financial day has shown a sustained rise in the dollar, as investors continue to doubt the effects of the agreement with the International Monetary Fund (IMF). In this context, the blue dollar rises to $1,265, the MEP jumps to $1,286, and the Contado with Liquidation to $1,288. In the bond market, a negative outlook is observed with widespread declines that have pushed the Country Risk to 750 points.
In statements made by the Minister of Economy, Luis Caputo, this morning, it was highlighted that the current demand is related to the 'stocks of pesos' that still need to be dealt with. Caputo argued that the money disbursed by the IMF will be used to capitalize the BCRA and back the pesos in circulation in the economy. Despite these assertions, uncertainty has also been reflected in the stock market, where the MERVAL index has lost 1.5%.
On the other hand, in the early operations of the day, ADRs traded in New York are mostly in the red, with Mercado Libre being the most affected, down 5.2%. The current situation reflects investors' concerns and market volatility in response to news impacting the national economy and the financial system.
