The electoral defeat of the government last Sunday caused greater pressure on the exchange rate. The official price climbed 1.5% to $ 1,453 this Friday and accumulated an increase of 7.2% ($ 98) in the week.
After the escalation that showed the official exchange rate in recent daysthe financial analyst Salvador Di Stefano – known as him “Blue Guru” – He drew a panorama of what can happen with the price once the legislative elections of October pass. In this scenario of instability and political definitions, Di Stefano made a series of recommendations aimed at small investors.
In detail, after the defeat in Buenos Aires, the government modified part of its economic strategy: He relaxed the monetary adjustment and sought a new balance point between dollar and interest rates. Within that framework, the official dollar scored its largest weekly rise in the wholesale segment since the devaluation of 2023 and was only 1.3% of the band’s roof.
The Blue Guru forecast: record and constant dollar exports
Asked about the possibility that the currency will press again, the specialist – said “The Blue Guru” – was blunt. “Why would you go to another place?”he replied, and then explain that “Argentina is a country that has broad possibilities that the dollar falls“Thanks to which you have “Four fields: oil, gas, the field itself and copper.”
“You have a country where you are going to a record oil exportthat will give you the same amount of dollars as the field. A country with gas that will give you the same amount of dollars as the field and in twenty thirty -one we will have a huge amount of dollars that copper will give you. You will have four that practically 2031 will contribute US $120,000 million“The analyst said.
On the stage raised, Di Stéfano said: “There is no reason why the dollar rises. All forecasts are of a dollar that will be kept constant or the drop in time. “
DOLLAR BCRA INTERVENTION RESERVES
In addition, he recalled that “a year ago the dollar was 1400/1500 pesos and today 1400/1500 pesos with inflation of 33% and interest rates in 60% per yearthat is, the one who bought dollars stuck badly. ”
To close, he pointed out that “The dollar is not a cause for concern” And he stressed that every time the currency goes up “our currency is getting stronger.”
Blue guru analysis on the impact on people’s pocket
When consulted for the current microeconomy, Di Stéfano sentenced: “The micro will reactivate when the Argentines who have stored U $ 400,000 million dollars put it to work in the market. ” And, in this regard, he said that “for Argentines to put that money, they have to recover confidence.”
“As long as we have three powers and the three powers go to three different sides, the Executive Power for Chascomús, the Legislative for Quiaca and the Judicial for Mendoza, people are not going to put the money,” he deepened.
Finally, he concluded: “What I say is that we have to have a unit of criteria because we are a country.”
Source: Ambito
