Sdollar Index

Many of those who need short-term liquidity are ridding dollars, and Tuesday in the Union Industrial Argentina has been a meeting to discuss the issue. According to The Nation: "Some employers warned that they are losing profitability, and that some sensitive sectors (textiles, toys, household appliances) have more difficulties to compete with the imported, while other executives remain calm and said that they can live with this level exchange rate, which considered circumstantial. "But there are other concerns besides the exchange rate for the Argentine industry:" Most agreed that the exchange rate is just one of their concerns. Others are inflation, economic slowdown and the lack of gas in factories, but the main one is the continuing conflict between the Government and country. "The UIA also warned about the fall in sales: 20 to 80% depending on the sector.

It is hoped that the exchange rate back to levels of AR $ 3.17 after overcoming this conflict. While the world has been appreciating USdollar Index since mid-March, at 3,35%, in Argentina the dollar has depreciated by 2.5%. When the dollar depreciated internationally more than 40% since 2001, here is appreciated by 300%. *** index is up 5% from improved debt rating given by Standard & Poor's on 30 April. The index closed yesterday with the biggest daily rise since the investment grade: 3.7% and remained at 71 245 points. Recovered from the low of 5% it had in the week. Its record high was reached on May 20 in 73 517 points, an increase of 8.3%.

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