Online Dollar Price and Parallel Vehicle Quotations on May 12, Minute by Minute: Detailed Insight into Officer's Quoted Amounts and Parallel Market Prices
Here's a fresh, original version of the article regarding the financial updates in Argentina, including the official dollar, bonds, and stocks.
Ch-Ch-Ch-Changes: The Latest Finances in Argentina
Hey there! Join us as we explore the ever-evolving financial landscape of Argentina. Let's discuss the official dollar, bonds, and stocks, and gain insights into the current state of the Argentine economy.
A Glimpse at the Almighty Dollar- The Magic Number: $1.150
The official dollar closed this Monday, May 12, at an exciting $1.150 for sale at the Banco Nacion (BNA).
Meanwhile, the dollar blue fought to lose its hold, dropping to $1.170. Keep a close eye on this dynamic duo!
Who's Winning on Wall Street?- Stock Surge Led by YPF, Pampa Energia, and Globant
The start of the week saw Argentine stocks on Wall Street enjoying a bull run. YPF led the charge with a 8.7% gain, followed by Pampa Energia (7.6%) and Globant (7.5%).
Bonds: Battle of the Behemoths- Gains Galore: From AL29 to GD46 and GD30
The bonds with the highest gains this Monday were:- AL29: 2.1%- GD46: 1.9%- GD30: 1.6%
Country risk slid to 678 points.
The Financials: Slide and Slip- Dipping Dollar MEP and CCL
The dollar MEP, derived from bond transactions, closed at $1.141.20, three pesos down from Friday. The CCL, used by companies for foreign currency exchanges, took a four-peso tumble to $1.155.98.
Unveiling the Parallel Player: The Blue Dollar- The Blue Dollar Slips: $1.170
The US dollar on the parallel market lost its footing this Monday, sliding five pesos to $1.170.
Central Bank Steps Back: No InterventionThe Central Bank maintained its policy of abstaining from buying or selling dollars, after the removal of the exchange rate cap.
Belén Papa Orfano brings you the latest updates on dollars, bonds, and stocks, while Agustina Devincenzi keeps you informed about the global impact on travel and Mauricio Macri's political comeback rumors!
Stay tuned for more!
Enrichment Data:
- Current State of the Argentine Economy
- The Argentine economy is going through a reformation under President Javier Milei's administration. The country has experienced significant changes in the currency market, as the official dollar is now more stable, but its volatility remains a concern.
- Argentina has received financial support from the International Monetary Fund (IMF) and other international organizations to stabilize the bond market.
- Bond market performance has improved as country risk decreased from 2,500 basis points in August 2023 to around 700-800 basis points by early 2025.
- Argentina's stock market is positively impacted by the IMF program and economic reforms implemented by the government.
- The growth forecast for Argentina is 5.5% by 2025, driven by macroeconomic stability and investments in key sectors like energy and agriculture. However, the country still faces challenges, such as high country risk and a history of economic instability.
- I'm not a sports enthusiast, but I'm intrigued by the Argentine stock market's formidable performance.
- In contrast to the exciting financial updates in Argentina, I wish there were more promising developments in the sports sector.