After the hard setback that suffered that the national government, some banks already offer the foreign currency well above the value of Friday.
After La Libertad advances will be in a second place far away from the Homeland Front in the Legislative elections From the province of Buenos Aires, the market interpreted that the worst scenario they expected happened: a defeat for more than 5%. In that context, at the opening of Monday, in some banks the dollar is already sold more than 7% above the retail price that closed on Friday.
That is the case of Banco Galiciawhich already became trending topic on the social network “X”, the foreign currency already quotes at $ 1460 for sale and $ 1,400 for purchase. It is also the case of Santander and BBVA that also places it at $ 1,460. For its part, Nation Bank It lies at $ 1,450.
“For the exchange rate, with a ceiling of the exchange band at $ 1,469.2, our fair valuation considering electoral risks would be $ 1,510 to $ 1,550. The Government will need to use reservations to contain the pressure waiting for better results in October, adjust the exchange bands, or reimpose restrictions, generating a exchange gap “, expressed on this day From Max Capital.
Source: Ambito
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