“Until yesterday this had not been seen, surely as a result of the parking (one or two days, depending on the MEP or the CCL),” Juan Pablo Albornoz closed his explanation.
The financial analyst, Christian Buteler, also in dialogue with this medium, said that “the first cause to highlight is that the dollar comes with an amazing stability during the year against an accumulated inflation of 30%. At some point she was going to have to adjust.”
“If you maintain the same basic conditions (the same stocks and the same taxes that put pressure on the exchange rate) it is not logical that the dollar hold steady”described and added that “if all the prices of the economy travel to the order of 5% monthly, the dollar is one more price”.
To this situation, he named, was added the very strong sale of bonds what happened on wednesday. This generated “a concern in the market and caused some investors to say what asset was cheap? And the financial dollars were cheap.”
In this regard, he said that “this is the main thing that has moved the market. We will see how it goes on. If the sales of the CER bonds are paid”, and that financial dollars “they will find a new balance and continue to move normally”.
“It is expected that this stability will end and they will begin to rise more at the rate of inflation and the issuance of pesos,” he concluded.
How did you close today?
The dollar “counted with liquid” (CCL) -operated with the Global 2030 bond- it climbed 4.5% ($9.55) to $219.86, the highest since February. While the gap was 80.73%.
For its part, the MEP dollar -also valued with the Global 2030- rose 3.8% ($8.31) to $217.50, and the gap with the wholesaler was set at 78.79%.
Source: Ambito
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