The future dollar for the end of December registered a new maximum in its implicit rate: it reached 4 digits of TEA, 1.035%, something not seen in recent history.
As parallel exchange rates overheat with less than a month to go before the crucial general elections, The dollar in the futures market seemed to move this Wednesday, September 27, in the same tune, to such an extent that, except for the price for the end of October, The rest of the terms operated with strong increases, consolidating a couple of strong exchange rate jumps for both November and December.
But also, The future dollar for the end of the year registered a new record in its implicit rate: it reached 4 digits of TEA, 1.035%, something not seen in recent history, according to the economist Salvador Vitelli.
Thus, the largest daily increases for this year were recorded in November, which rose 2.1% ($10) to $495, and December, which rose 1.7% ($11) to $648, almost double the current exchange rate of $350. , set by the Central Bank (BCRA) since last August 14, after the 20% post-STEP devaluation.
“The futures market was relatively hot even without much intervention by the Central Bank or at least that was not demonstrated by the open interest that should grow a little more,” said Vitelli.
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Source: Ambito
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