He future dollar bounced hard off the Matba-Rofex this Wednesday, October 25, after the collapses of recent days that had moderated expectations of a strong devaluation in the coming months, after the surprising general election result which leads to Sergio Massa (Union for the Homeland) now Javier Milei (La Libertad Avanza) to face each other in the runoff on November 19.
But the public statement of the former presidential candidate, Patricia Bullrich, who came third in Sunday’s presidential elections, support the libertarian candidate Javier Milei in the November runoff -in which he will face the ruling Peronist Sergio Massa- seemed to condition the downward trend of the market that it showed in recent days.
Thus, the dollar rose at the end of April 9.4% until the $1,050the contract for March advanced 9.2% to $935 and in February climbed 8.7% to $895. On Monday, widespread falls were evident throughout the entire curve of up to 30%. On Tuesday, the future dollar accelerated falls of up to 12% in almost all terms but had already rebounded by the end of the year and January.
Source: Ambito
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