Macroeconomy/Finance

Argentinean Certificates of Deposit (CEDEARs) rose 32%

Argentine Certificates of Deposit (CEDEARs), which represent shares of foreign companies: their prices rose to 32%, and their volume grew by 144%. Investors use this type of instrument basically to make dollars since the evolution of CEDEARs’ quotations is not only supported by the movements of the shares in New York, but they also receive the impulse of the “cash dollar” which, this Monday, shot up 7.9%.

Source: Ámbito

Categories: Macroeconomy/Finance