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Sunday, November 27, 2022

What is the market looking to anticipate that the dollar will go higher?

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Since last August, in the preview of the Soybean Dollar program, the blue dollar has been moving in a band of $280 and $290, after reaching a high of $338 on July 22. For their part, the financial exchange rates, the Cash with Settlement (CCL) and the Stock Dollar (MEP) are around the average $300. Also after reaching highs almost at the end of July, with the Guzmán-Batakis exit crisis, at levels of $340 and $330, respectively. Of course, under the impact of the soybean dollar, both financial dollars fell to levels of $280 and $270 respectively in mid-September and from then on they began to recover positions within the mentioned band. LThe analysts’ graphs thus reflect that the foreign exchange market seems to be going through a kind of period of stability, of which everyone suspects but few can take advantage of, given the prevailing exchange restrictions that for the market consensus will intensify hand in hand with the tenor of the drought. However, when it comes to betting, or rather, short-term forecasts, that is, from now to the end of the year, most analysts project higher alternative exchange rates than those currently shown in the prices of the spot market. What are analysts looking at?

Source: Ambito

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