Investor mistrust continues and breaks all records, country risk increased 68 units to 928 basis points, its maximum level since February 2014, when it reached more than 1,100 units. The constant acceleration of the index measured by the JP Morgan bank occurs in a climate of doubts from investors about the future development of the economy ahead of the presidential elections in October.
Greater demand for the US currency, driven by extreme political uncertainty and local economic concerns, drives the retail dollar jump 3.1% to AR 44,91, according to the average in banks and agencies of the city of Buenos Aires. In this context, the dollar is heading towards its nominal historical record.
Date: 24 April 2019
Source: Ambito Financiero, https://www.ambito.com/el-dolar-se-dispara-mas-3-y-se-acerca-su-record-historico-n5027960