For its part, the MEP dollar -also valued with Global 2030 – rose 1.5% ($4.18) to $276.66, so the gap against the official exchange rate reached 109.3%.
The Dolar blueafter registering three strong consecutive losses, bounced hard this Tuesday, breaking above the $290 levelaccording to a field survey in the Black Market of Currency
“The dynamics of the financial dollars is reactivated while the progress of the balance of pesos and dollars is monitored, since additional decreases in said references would only be possible if these imbalances are corrected and tactical bets of ‘carry-trade’ are resumed that trigger rebalancing of portfolios in case of projecting a scenario of higher rates in pesos and a period of exchange calm”, commented a specialist.
The president of the Chamber of Deputies, Sergio Massa, As of this Wednesday, he will take charge of a new ministry that will encompass the economic, productive and agricultural areas of Argentina.
“The appointment of Sergio Massa as ´super minister´ of the economic area produced a strong change in market expectations”, evaluated the consulting firm Delphos Investment.
Investors await economic announcements that seek to reassure the financial market at a time when annual inflation threatens to exceed 90%, the Central Bank has few reserves and exchange pressures put pressure on the market.
“The chances of a devaluation, whether de jure, via a discreet jump in the exchange rate or de facto, via an exchange rate split, will be more latent than ever throughout August,” warned Portfolio Personal Investments. “In this regard, the new minister could give clues at the press conference on Wednesday,” she estimated.
The Central Bank is unable to stop the bleeding of reserves, since this Tuesday it had to sell more than US$170 million, Given the firm pressure exerted by the demand for energy payments, which it was located in the order of US$70 million, according to market sources.
Source: Ambito
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