The market reacted pessimistically the electoral setback of Lla advance in PBA at the hands of Peronism and sees fragility in the exchange scheme.
The dollar rises on Tuesday to $ 1,417 in the wholesale segment, and is consolidated above $ 1,400 after suffering a strong bullish pressure on the previous day when The market brought at prices the electoral defeat of La Libertad advances in the legislative elections in the province of Buenos Aires at the hands of Patria Force.
He official dollar operates $ 1,383.92 for purchase and $ 1,436.70 For sale In the average of the financial institutions published by the Central Bank (BCRA). Meanwhile, in the Nation Bank (BNA)the ticket is listed $ 1,375 For purchase and $ 1,435 For sale.
He dollar Blue is sold to $ 1,395according to a survey of Scope in the City caves. Within the types of stock exchange: The MEP dollar quotes at $ 1,432.63 And the gap against the wholesaler is 0.8%, while the dollar counted with liquidation (CCL) operates at $ 1,442.71so the gap is 1.5%.
The Chief Economist of Grupo SBS Juan Manuel Franco He said: the market adversely reacted to the results of the legislative of the PBA, with 16.4% falls for the Merval in CCL and 8% average for Bonds in dollars New York Law. The dollar rose 4% but remained inside the band, while the dollar futures rose throughout the curve “.
For this expert, the situation is “very challenging” for the Government, which “must face costs whatever the direction you take, and must administer them.” For the City, It will be key to follow the dynamics of the dollar and see what the government does if the price presses on the band’s roof.
“While there are liquid reservations in the BCRA to deal with pressures, net reserves are negative since liquids were leveraged by the IMF loan,” Franco completed.
Source: Ambito
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