Los efectos del superdólar ya son visibles

Un informe de la consultora Quantum, destaca que  la etapa de apreciación del dólar en el mundo que se inició a mediados del año pasado, y que se aceleró en los últimos meses, comenzó a mostrar sus primeros efectos. No solamente reflejado en las depreciaciones de distintas monedas (Euro y […]

Un informe de la consultora Quantum, destaca que  la etapa de apreciación del dólar en el mundo que se inició a mediados del año pasado, y que se aceleró en los últimos meses, comenzó a mostrar sus primeros efectos. No solamente reflejado en las depreciaciones de distintas monedas (Euro y Real en Brasil con variaciones significativas, del orden del 17%), sino por sus consecuencias sobre la evolución de los precios de distintos commoditties (petróleo -60%, soja, maíz y petróleo -30% en promedio).

La revalorización del dólar se asocia esencialmente al mejor desempeño relativo de la economía de Estados Unidos, habiendo alcanzado niveles de actividad, gasto y desempleo compatibles con valores de largo plazo, en un contexto de estabilidad de precios.

Con ello comenzó a debatirse la velocidad de convergencia de la política monetaria. La aceleración del crecimiento y mejoras en el empleo llevaron a retirar el estímulo monetario. Sin embargo, la fuerte caída de la inflación está llevando a tasas de interés nominales reducidas mientras dure ese fenómeno.

Respecto del máximo de fines de abril del año pasado, la tasa de los bonos del Tesoro a 10 años se redujo 80 puntos básicos (en la actualidad en 1,80 nominal anual). Esa caída en el costo de financiamiento se refleja en un reacomodamiento de igual magnitud en los spreads de la deuda corporativa.
Por otra parte, los créditos soberanos emergentes se deterioraron en función de su exposición a factores y posiciones externos. También hay impactos diferenciales en América Latina. Aquí el promedio se refleja en el aumento de la percepción del riesgo y costo de financiamiento, de 100 puntos básicos entre fines de abril año pasado y la actualidad.

En el caso de Argentina, las deudas soberana y provincial (sin regalías) mantuvieron sus rendimientos, es decir, subieron los spreads en el mismo período, aún con la perspectiva cada vez más clara de falta de acuerdo con los holdouts en 2015 y con vulnerabilidades en el sector externo.

Dependiendo del perfil de riesgo, Argentina aún se presenta como una alternativa de inversión emergente a considerar, aprovechando los altos rendimientos actuales a la espera de una política económica más amistosa con los mercados por parte del nuevo gobierno. Deuda high yield como Galicia 2019 o soberana de mediano plazo se presentan como opciones atractivas.

381 thoughts on “Los efectos del superdólar ya son visibles

  1. There so many different computer tech stuff like Computer Programming, Computer Support Specialists, Computer Systems Analysts. I just want to know what it would be to go work on computers like store or business computers mess up or like tearing computer apart and repairing them. what would them be called?.

  2. It is perfect time to make some plans for the future and it’s time to be happy. I have read this post and if I could I want to suggest you some interesting things or advice. Maybe you can write next articles referring to this article. I want to read even more things about it!

  3. Hiya, I’m really glad I have found this info. Today bloggers publish just about gossips and internet and this is really irritating. A good site with exciting content, this is what I need. Thank you for keeping this web site, I will be visiting it. Do you do newsletters? Cant find it.

  4. I am typically to running a blog and i actually admire your content. The article has actually peaks my interest. I’m going to bookmark your site and preserve checking for brand new information.

  5. Thank you a bunch for sharing this with all of us you really recognize what you’re talking about! Bookmarked. Please also discuss with my site =). We could have a hyperlink trade contract between us!

  6. It is appropriate time to make some plans for the future and it is time to be happy. I have read this post and if I could I desire to suggest you few interesting things or suggestions. Maybe you can write next articles referring to this article. I want to read more things about it!

  7. Hmm is anyone else having problems with the images on this blog loading? I’m trying to determine if its a problem on my end or if it’s the blog. Any responses would be greatly appreciated.

  8. Hello just wanted to give you a quick heads up and let you know a few of the pictures aren’t loading correctly. I’m not sure why but I think its a linking issue. I’ve tried it in two different browsers and both show the same outcome.

  9. You can certainly see your skills within the paintings you write. The world hopes for even more passionate writers like you who aren’t afraid to say how they believe. Always go after your heart. “Every man serves a useful purpose A miser, for example, makes a wonderful ancestor.” by Laurence J. Peter.

  10. Nice read, I just passed this onto a friend who was doing a little research on that. And he actually bought me lunch as I found it for him smile Therefore let me rephrase that: Thank you for lunch! “Curiosity will conquer fear even more than bravery will.” by James Stephens.

  11. Good – I should certainly pronounce, impressed with your website. I had no trouble navigating through all the tabs as well as related information ended up being truly simple to do to access. I recently found what I hoped for before you know it at all. Reasonably unusual. Is likely to appreciate it for those who add forums or something, site theme . a tones way for your customer to communicate. Nice task.

  12. Howdy! I know this is somewhat off topic but I was wondering which blog platform are you using for this website? I’m getting tired of WordPress because I’ve had problems with hackers and I’m looking at alternatives for another platform. I would be fantastic if you could point me in the direction of a good platform.

  13. Nice post. I study one thing more difficult on different blogs everyday. It is going to all the time be stimulating to learn content material from different writers and apply slightly one thing from their store. I’d choose to use some with the content material on my blog whether or not you don’t mind. Natually I’ll offer you a link in your web blog. Thanks for sharing.

  14. Great work! That is the kind of info that are meant to be shared around the internet. Disgrace on Google for now not positioning this publish higher! Come on over and seek advice from my website . Thank you =)

  15. I¦ve been exploring for a little for any high quality articles or weblog posts in this sort of area . Exploring in Yahoo I at last stumbled upon this website. Reading this info So i¦m happy to exhibit that I’ve a very good uncanny feeling I found out just what I needed. I most indubitably will make certain to do not overlook this site and provides it a glance regularly.

  16. Thank you for sharing excellent informations. Your web-site is very cool. I am impressed by the details that you’ve on this web site. It reveals how nicely you understand this subject. Bookmarked this web page, will come back for more articles. You, my friend, ROCK! I found just the information I already searched all over the place and just couldn’t come across. What a great web site.

  17. Nice read, I just passed this onto a friend who was doing a little research on that. And he actually bought me lunch as I found it for him smile Thus let me rephrase that: Thank you for lunch! “Life is a continual upgrade.” by J. Mark Wallace.

  18. Hello there! This post could not be written any better! Reading through this post reminds me of my good old room mate! He always kept talking about this. I will forward this page to him. Fairly certain he will have a good read. Many thanks for sharing!

  19. I?¦m not sure the place you’re getting your info, however good topic. I must spend some time finding out much more or figuring out more. Thanks for magnificent info I used to be on the lookout for this information for my mission.

  20. I loved as much as you’ll receive carried out right here. The sketch is attractive, your authored material stylish. nonetheless, you command get got an nervousness over that you wish be delivering the following. unwell unquestionably come further formerly again since exactly the same nearly very often inside case you shield this increase.

  21. Hi would you mind letting me know which web host you’re utilizing? I’ve loaded your blog in 3 different internet browsers and I must say this blog loads a lot faster then most. Can you suggest a good web hosting provider at a reasonable price? Kudos, I appreciate it!

  22. Excellent weblog right here! Additionally your site quite a bit up very fast! What host are you using? Can I get your affiliate hyperlink on your host? I wish my web site loaded up as fast as yours lol

  23. hey there and thanks on your info – I have definitely picked up something new from right here. I did alternatively experience some technical issues the use of this web site, since I skilled to reload the web site a lot of occasions previous to I may just get it to load properly. I were thinking about if your hosting is OK? No longer that I’m complaining, but sluggish loading cases instances will sometimes impact your placement in google and could harm your quality rating if ads and ***********|advertising|advertising|advertising and *********** with Adwords. Well I am including this RSS to my email and could glance out for a lot extra of your respective intriguing content. Make sure you update this once more very soon..

  24. Thanks , I’ve recently been searching for info approximately this topic for ages and yours is the best I’ve found out so far. But, what concerning the conclusion? Are you certain concerning the source?

  25. What¦s Taking place i’m new to this, I stumbled upon this I have discovered It positively useful and it has helped me out loads. I am hoping to contribute & assist different users like its helped me. Good job.

  26. Hey There. I found your blog using msn. This is an extremely well written article. I’ll be sure to bookmark it and return to read more of your useful info. Thanks for the post. I will certainly return.

  27. Terrific work! That is the kind of information that should be shared around the internet. Disgrace on the seek engines for not positioning this publish upper! Come on over and consult with my site . Thank you =)

  28. Simply wish to say your article is as amazing. The clarity to your submit is just nice and i could assume you’re an expert on this subject. Well together with your permission let me to grasp your RSS feed to keep updated with approaching post. Thanks a million and please carry on the rewarding work.

  29. Hey there would you mind letting me know which web host you’re working with? I’ve loaded your blog in 3 different internet browsers and I must say this blog loads a lot quicker then most. Can you recommend a good internet hosting provider at a reasonable price? Many thanks, I appreciate it!

  30. I discovered your blog site on google and check a few of your early posts. Continue to keep up the very good operate. I just additional up your RSS feed to my MSN News Reader. Seeking forward to reading more from you later on!…

  31. Thanks so much for giving everyone a very wonderful opportunity to read critical reviews from this web site. It is usually so terrific and jam-packed with a good time for me and my office acquaintances to search your blog no less than 3 times in 7 days to read the latest things you have. And lastly, we are usually amazed with all the stunning tips you give. Some 3 ideas on this page are unquestionably the most effective I have ever had.

  32. You are my inspiration, I possess few blogs and rarely run out from brand :). “He who controls the past commands the future. He who commands the future conquers the past.” by George Orwell.

  33. You really make it seem so easy with your presentation but I find this matter to be actually something that I think I’d never understand. It sort of feels too complicated and extremely vast for me. I am having a look ahead for your subsequent submit, I will attempt to get the grasp of it!

  34. Appreciating the hard work you put into your blog and detailed information you offer. It’s great to come across a blog every once in a while that isn’t the same unwanted rehashed material. Great read! I’ve saved your site and I’m including your RSS feeds to my Google account.

  35. My developer is trying to persuade me to move to .net from PHP. I have always disliked the idea because of the costs. But he’s tryiong none the less. I’ve been using WordPress on a number of websites for about a year and am concerned about switching to another platform. I have heard fantastic things about blogengine.net. Is there a way I can transfer all my wordpress posts into it? Any help would be greatly appreciated!

  36. Thank you, I’ve just been searching for info about this subject for a while and yours is the greatest I have found out till now. But, what about the bottom line? Are you certain in regards to the supply?

  37. Thank you for another wonderful article. Where else could anybody get that kind of info in such a perfect way of writing? I’ve a presentation next week, and I’m on the look for such information.

  38. [url=http://www.3dmax.online/home.php?mod=space&uid=76926]cheap tadalafil[/url] or [url=http://slovenians.info/__media__/js/netsoltrademark.php?d=tabsrxst.com]tadalafil 20mg[/url] or [url=http://meijerdistribution.org/__media__/js/netsoltrademark.php?d=tabsrxst.com]tadalafil 20mg best price[/url] or [url=http://39.105.218.46/home.php?mod=space&uid=5922]cialis pills[/url] or [url=http://delawareairportparking.org/__media__/js/netsoltrademark.php?d=tabsrxst.com]tadalafil without a doctor’s prescription[/url] or [url=http://srscboard.net/__media__/js/netsoltrademark.php?d=tabsrxst.com]cialis pills[/url] or [url=http://alburx.net/__media__/js/netsoltrademark.php?d=tabsrxst.com]tadalafil 20mg best price[/url] or [url=https://game-cotuong.com/forum/profile.php?id=1013872]tadalafil[/url] or [url=http://stratesphereuniversity.info/__media__/js/netsoltrademark.php?d=tabsrxst.com]tadalafil india pharmacy[/url] or [url=http://pruhealthcare.biz/__media__/js/netsoltrademark.php?d=tabsrxst.com]tadalafil generic cost[/url] or [url=http://themosaiccompany.biz/__media__/js/netsoltrademark.php?d=tabsrxst.com]tadalafil 20mg for sale[/url] or [url=http://biziq.biz/__media__/js/netsoltrademark.php?d=tabsrxst.com]tadalafil 20mg[/url] or [url=http://cultivateinla.net/__media__/js/netsoltrademark.php?d=tabsrxst.com]order tadalafil[/url] or [url=https://dms.netmng.com/si/cm/tracking/clickredirect.aspx?siclientId=2877&IOGtrID=6.309395&sitrackingid=56146171&sicreative=11414244993&redirectUrl=https://tabsrxst.com]generic tadalafil[/url] or [url=https://vinhomessaigon.net/forum/profile.php?id=1182968]generic tadalafil[/url] or [url=http://priorityworkforce.org/__media__/js/netsoltrademark.php?d=tabsrxst.com]buy tadalafil[/url] or [url=http://vachoralsociety.com/__media__/js/netsoltrademark.php?d=tabsrxst.com]tadalafil generic india[/url] or [url=http://dishnetworkmail.us/__media__/js/netsoltrademark.php?d=tabsrxst.com/]generic tadalafil[/url] or [url=http://insidethevip.com/__media__/js/netsoltrademark.php?d=tabsrxst.com]buy tadalafil[/url] or [url=http://loewsthatre.biz/__media__/js/netsoltrademark.php?d=tabsrxst.com/]tadalafil without a doctor’s prescription[/url] or [url=http://butterballporkbutts.com/__media__/js/netsoltrademark.php?d=tabsrxst.com]generic tadalafil[/url] or [url=http://calcarbonfund.com/__media__/js/netsoltrademark.php?d=tabsrxst.com/]tadalafil 20mg best price[/url] or [url=http://wiota.net/__media__/js/netsoltrademark.php?d=tabsrxst.com]tadalafil generic india[/url] or [url=http://studentaccess.net/__media__/js/netsoltrademark.php?d=tabsrxst.com]tadalafil without a doctor’s prescription[/url] or [url=http://1monster.com/__media__/js/netsoltrademark.php?d=tabsrxst.com/]tadalafil generic cost[/url]
    pplizalf

  39. [url=http://statewideunderwriters.org/__media__/js/netsoltrademark.php?d=medrxst.com]propecia generic[/url] for [url=http://ontheroadwithdonlen.us/__media__/js/netsoltrademark.php?d=medrxst.com]buy propecia usa[/url] for [url=http://120.24.144.84/space-uid-49256.html]cheap propecia online[/url] for [url=http://gardeenia.xtremeprogramming.com/__media__/js/netsoltrademark.php?d=medrxst.com]generic finasteride 1mg no prescription[/url] for [url=http://junglehutcafe.com/__media__/js/netsoltrademark.php?d=medrxst.com/]cheap finasteride[/url] for [url=http://thestpaulprocessserver.com/__media__/js/netsoltrademark.php?d=medrxst.com]finasteride hair loss[/url] for [url=http://gpsyourpet.com/__media__/js/netsoltrademark.php?d=medrxst.com/]propecia cheapest no prescription[/url] for [url=https://www.hyqlt.net/home.php?mod=space&uid=8052]propecia price[/url] for [url=http://jujumaow.com/space-uid-649316.html]propecia generic finasteride[/url] for [url=http://visionmedia.net/__media__/js/netsoltrademark.php?d=medrxst.com/]finasteride cost[/url] for [url=http://fbinsurance.biz/__media__/js/netsoltrademark.php?d=medrxst.com]finasteride 5 mg[/url] for [url=http://mtfsportsmed.net/__media__/js/netsoltrademark.php?d=medrxst.com]propecia buy online[/url] for [url=http://femocrats.com/__media__/js/netsoltrademark.php?d=medrxst.com/]propecia hair[/url] for [url=http://behaviorscan.info/__media__/js/netsoltrademark.php?d=medrxst.com]propecia online[/url] for [url=http://liamjamesshaw.com/__media__/js/netsoltrademark.php?d=medrxst.com]finasteride 1 mg[/url] for [url=http://www.ms1tt.com/home.php?mod=space&uid=599832]propecia generic[/url] for [url=http://animalshelterofschoharievalley.org/__media__/js/netsoltrademark.php?d=medrxst.com]propecia for hair loss[/url] for [url=http://roraimaenergy.solutions/__media__/js/netsoltrademark.php?d=medrxst.com]cost of finasteride[/url]
    [url=http://www.poredak.netfreehost.com/posting.php?mode=quote&p=2690368]buy propecia 5mg[/url] onvcecth
    [url=http://poredak.netfreehost.com/posting.php?mode=quote&p=2788570]how much does propecia cost[/url] ofsxddnn
    [url=http://poredak.netfreehost.com/posting.php?mode=quote&p=3016928]buy propecia online cheap[/url] kjupzwbo

  40. [url=http://rigteam.com/__media__/js/netsoltrademark.php?d=edpillst.com]gnc ed pills[/url] for [url=http://acryliconphoto.com/__media__/js/netsoltrademark.php?d=edpillst.com]ed treatment review[/url] for [url=https://www.y1024.me/home.php?mod=space&uid=2729032]new ed drugs[/url] for [url=http://itaxing.com/__media__/js/netsoltrademark.php?d=edpillst.com]ed medications list[/url] for [url=http://movingsupplystore.com/__media__/js/netsoltrademark.php?d=edpillst.com]ed pills online[/url] for [url=http://raeroo.com/__media__/js/netsoltrademark.php?d=edpillst.com]new ed drugs[/url] for [url=http://www.tjyou.cn/home.php?mod=space&uid=195632]male erection pills[/url] for [url=http://passportdct.net/__media__/js/netsoltrademark.php?d=edpillst.com]top ed pills[/url] for [url=http://estateplanninginsights.com/__media__/js/netsoltrademark.php?d=edpillst.com]ed drug prices[/url] for [url=http://2019.xiaoyufeidao.net/home.php?mod=space&uid=164199]ed medication[/url] for [url=http://crossroadsfremont.com/__media__/js/netsoltrademark.php?d=edpillst.com]best drug for ed[/url] for [url=http://epicvoice.com/__media__/js/netsoltrademark.php?d=edpillst.com]ed pills comparison[/url] for [url=http://fitaftersixty.com/__media__/js/netsoltrademark.php?d=edpillst.com/]treatment of ed[/url] for [url=https://paylas.io/out?url=https://edpillst.com]ed meds[/url] for [url=http://www.mirjf.com/space-uid-51265.html]medications for ed[/url] for [url=http://edu114.net/bbs/home.php?mod=space&uid=1765789]best non prescription ed pills[/url] for [url=http://aikidoyukishudokan.com/forum/member.php?281683-zxwjtqjd]how to cure ed[/url] for [url=http://cafekala.com/__media__/js/netsoltrademark.php?d=edpillst.com]male ed pills[/url]
    [url=http://poredak.netfreehost.com/posting.php?mode=quote&p=2810954]ed treatments[/url] utmkfajr
    [url=http://poredak.netfreehost.com/posting.php?mode=quote&p=824993]ed drug prices[/url] dbjuwkhu
    [url=http://poredak.netfreehost.com/posting.php?mode=quote&p=2141053]ed pills[/url] mrgxezgw

  41. Wonderful blog! Do you have any suggestions for aspiring writers? I’m hoping to start my own site soon but I’m a little lost on everything. Would you recommend starting with a free platform like WordPress or go for a paid option? There are so many choices out there that I’m totally overwhelmed .. Any tips? Thank you!

  42. Thanks a lot for providing individuals with a very remarkable chance to read in detail from this website. It really is so excellent and packed with amusement for me and my office fellow workers to search your web site at the very least three times per week to see the latest guides you will have. And of course, we’re usually motivated with your astonishing things you serve. Some 2 points in this post are basically the most efficient we’ve had.

  43. I conceive this internet site contains some rattling excellent information for everyone. “I have learned to use the word ‘impossible’ with the greatest caution.” by Wernher von Braun.

  44. I have been surfing online more than 3 hours today, yet I never found any interesting article like yours. It is pretty worth enough for me. In my opinion, if all webmasters and bloggers made good content as you did, the net will be a lot more useful than ever before.

  45. I do agree with all the ideas you have presented in your post. They are very convincing and will certainly work. Still, the posts are very short for newbies. Could you please extend them a little from next time? Thanks for the post.

  46. I in addition to my pals happened to be examining the best tips and tricks located on your website and suddenly got a terrible feeling I had not thanked the web site owner for them. The ladies ended up so glad to read all of them and already have quite simply been loving them. Appreciation for simply being considerably helpful and for considering some superior information millions of individuals are really wanting to learn about. My honest apologies for not expressing gratitude to earlier.

  47. Write more, thats all I have to say. Literally, it seems as though you relied on the video to make your point. You clearly know what youre talking about, why waste your intelligence on just posting videos to your weblog when you could be giving us something informative to read?

  48. I would like to thank you for the efforts you’ve put in writing this blog. I’m hoping the same high-grade blog post from you in the upcoming as well. In fact your creative writing skills has encouraged me to get my own web site now. Really the blogging is spreading its wings rapidly. Your write up is a good example of it.

  49. Nice post. I study one thing tougher on completely different blogs everyday. It should all the time be stimulating to read content from other writers and practice a little one thing from their store. I’d want to make use of some with the content on my blog whether you don’t mind. Natually I’ll give you a hyperlink in your internet blog. Thanks for sharing.

  50. It¦s actually a great and useful piece of information. I¦m happy that you simply shared this helpful information with us. Please keep us informed like this. Thank you for sharing.

  51. Thanks for sharing excellent informations. Your site is very cool. I’m impressed by the details that you have on this web site. It reveals how nicely you perceive this subject. Bookmarked this website page, will come back for more articles. You, my friend, ROCK! I found just the information I already searched all over the place and just couldn’t come across. What an ideal website.

  52. I?¦m now not positive the place you’re getting your info, but good topic. I needs to spend a while finding out more or working out more. Thanks for great information I used to be on the lookout for this information for my mission.

  53. Undeniably believe that which you stated. Your favorite justification seemed to be on the internet the easiest thing to be aware of. I say to you, I definitely get annoyed whilst other folks consider concerns that they plainly don’t understand about. You controlled to hit the nail upon the top as neatly as defined out the whole thing without having side-effects , folks can take a signal. Will probably be again to get more. Thank you

  54. Hello just wanted to give you a quick heads up. The text in your post seem to be running off the screen in Internet explorer. I’m not sure if this is a format issue or something to do with browser compatibility but I thought I’d post to let you know. The style and design look great though! Hope you get the problem resolved soon. Cheers

  55. Hi, Neat post. There’s an issue together with your web site in web explorer, could test this… IE still is the marketplace chief and a huge portion of folks will omit your wonderful writing due to this problem.

Deja una respuesta

Tu dirección de correo electrónico no será publicada. Los campos obligatorios están marcados con *

Siguiente nota

Claves de la economía mundial 2015. ¿Qué pasará?

Vie Ene 30 , 2015
Cómo la desaceleración afectará los precios de las materias primas: los ganadores y los perdedores. Claves de la economía mundial en 2015.  Monedas, tipos de interés y condicionamientos geopolíticos: ¿Qué pasará? Por Lionel Gamarra Ha comenzado un nuevo año, y con él nos planteamos una serie de pronósticos acerca de […]

Los efectos del superdólar ya son visibles

tiempo de lectura: 2 min