He financial market is still in tension In the prelude to elections that appear as the arrival point of the current monetary and exchange scheme, according to many voices in the City. After the sessions of the Nation Congress, which threw both defeats and victories for the Government, there was a disparate reaction. The S&P Merval and the ADRs rose this Thursday, but the dollar bonds fell and the official exchange rate operated upwards.
Besides, The Central Bank made small flexibility of the lace adjustment measurement banking after the extreme volatility of rates. Financial operators also detected the intervention of the BCRA in the debt market in pesos.
In global markets, there is strong expectation for the speech that Jerome Powell will give, the head of the Fed, in Jackson Hole.
Source: Ambito
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