The local market closely follows the exchange tension, while the Government will lead to Congress the debate on the DNU of the agreement with the IMF, in the middle of a new retiree march.
Markets face Another key day this Wednesday, with several factors at play that could impact the contributions. After three days of exchange tension, the attention focuses on the dollar, especially on the crypto dollarwhich started the day above $ 1,300, according to Coinmonitor data.
Internationally, The United States also crosses a scenario of uncertainty. The Federal Reserve (FED) will announce its decision on interest rates, which are expected to remain between 4.25% and 4.50%. However, any signal about the future of monetary policy, in a context marked by global instability and Donald Trump measures could generate volatility in Argentine assets.
On the other hand, The International Monetary Fund (IMF) will also be in the center of the scene, in the middle of a new retiree march. After the approval of the opinion that ratifies the decree of necessity and urgency (DNU) that allows the government to refinance the debt with the body, the Chamber of Deputies will debate it in a special session. In this meeting, the leaders of Freedom progress will seek to validate the DNU with the support of allied blocks and dialoguistic sectors.
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Other key economic data that will be known this Wednesday
- CPI in the euro zone corresponding to the month of February, it is expected that 2.4%, a tenth less than in January, has risen, and that the nucleus is located at 2.6%, a tenth also less than the previous month.
- The BCRA will publish the January banks report.
- Data on Argentine commercial exchange in February will be published.
- INDEC will disseminate the activity progress report for the fourth quarter of 2024. With this report, the preliminary estimate of the GDP of 2024 will be known. This Wednesday the INDEC will publish the official data of the evolution of the Gross Domestic Product (GDP) during the fourth quarter of 2024, so the complete data of last year will also be known. The advanced data on economic activity published so far indicated a smaller contraction than expected during the first year of Javier Milei.
The last INDEC report showed that In the third quarter of 2024 the GDP improved 3.9% compared to the previous quarter. Thus, The accumulated fall was reduced to 3%from the 3.4% that had been recorded in the data of the second quarter.
- The IPC of the euro zone of the month of February is known.
Source: Ambito
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