The evolution of the dollar showed that the “exchange pax” and the carry trade are not forever. The blue dollar, which jumped $12, ended Friday at $200.50. The sharp jump was also hit by financials becoming more volatile and showing that the prices with which they closed in March (MEP at $189.75 and CCL at $189.52) were possibly a floor. In this way, the “stock market” dollar or MEP dollar rose $16.74 (8.56%) compared to the end of March while the CCL rose to $17.44 (9.2%) respectively. As for the wholesale dollar, it advanced $4.19 (3.77%) in the month, ratifying the will of the Central Bank (BCRA) to maintain the devaluation of the currency below the inflation rate. But once again, expectations, mainly due to doubts about the agreement with the International Monetary Fund (accumulation of reserves, higher-than-expected inflation and the possibility of resorting to monetary issuance to finance the bonds granted to unprotected sectors) ignited the first spark.
Source: Ambito
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