Stock exchange rates operate upwards, although with quite a few changes at the beginning of the day. The market is closely monitoring the debate in the Senate on a key law for the Government.
The financial dollars operate with considerable volatility at the start of this Wednesday, June 12, with the market’s gaze focused on the treatment of the Bases law in the Senate.
He dollar CCL rises 0.1% ($2.32) to $1,307.86, while the MEP climbs 0.7% (-$9.30) to stand at $1,281.93, after starting the day on the decline.
In this way, the gap with the official exchange rate amounts to 44.9% in the case of the CCL and 42% in the case of the MEP.
“Attention is focused on the treatment in the Senate of the Bases law and the fiscal package, news on the renewal of the China swap, the debt tender and May inflation below 5%, in search of being able to contribute to greater peace of mind,” said the economist Gustavo Ber.
In the midst of thousands of protesters protesting against the bill, The debate in the Senate promises a very even votesince the ruling party has few legislators in the Upper House and has not managed to convince the majority about the benefits of the reforms.
In that framework, Cristian Lopez of Portfolio Personal Inversiones maintained that we must “look beyond the Bases law, which will surely come out, but it is a short-term driver.” “You have to follow the ‘fundamentals’ that can tell us that everything can really change in the long term, after so many years of decline,” he stated.
The Minister of Economy Luis Caputo He said on Tuesday in a private event that his portfolio “is not going to give up the macroeconomic order,” which is why it will dedicate all its efforts to maintaining the fiscal surplus achieved in the first months of the year.
Source: Ambito
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