“The readjustment in financial dollars is reactivated, as a reaction to the latest exchange measures together with external and internal uncertainty, which continues to incline economic agents towards the search for refuge, and said demand for coverage is reflected in the high ‘gap'”, said a city economist.
“They can continue to rise, as long as the Government does not give them reasons to the contrary. much more inflation In the coming months, there is a lot of monetary issuance from the Central Bank and expectations have not improved much. If they don’t do something to reverse this, the trend will be upward,” said economist Gabriel Caamaño.
“It will depend on the monetary policy of the Central Bank. Nobody had in their model that in thirty days the parallel dollars were going to jump 50%. It was a very bad policy of the Central the one that generated these jumps. Rises were expected, but closer to inflation and not these jumps,” said financial analyst Christian Buteler.
Salvador Di Stéfano for his part, mentioned the “balance dollarwhich is obtained from the relationship between monetary liabilities and reserves”. Faced with this, he proposed three scenarios:
- “In the event that the macroeconomic variables tend to normalize, we should see an equilibrium dollar around $275“.
- “In the event that there is no interesting entry of foreign currency into the coffers of the Central Bank, the equilibrium dollar would amount to $290“.
- “While, if reserves continue to fall, there is a possibility of escalation to the zone of $320 / $330“.
The coincidence among market analysts is that the blue dollar will reach at least $300 in a matter of days. The question is how much further it will go and if it’s time to buy or sell since, as the operators suggest, there are no bidders who can reverse the market trend.
Positive signs from the Central Bank
According to a recent report prepared by Miguel Kiguel’s consulting firm, last week closed much better than the previous one. “There were announcements by Silvina Batakis with a flavor of rationality, the Central Bank implemented a put option to give the bond market more peace of mind, and repo rates were raised on Friday at the close.” In that sense, the financial turbulence is expected to ease, but instability will persist.
Source: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
