Five keys to understanding the message Luis Caputo sent to calm the dollar and markets

Uncertainty is what makes markets fall.For that reason, the government sought to give investors a signal after a March marked by financial turbulence: the new program with the International Monetary Fund (IMF) will involve disbursements of US$20 billion.The news caused a positive effect in the first negotiations of the day: Argentine actions climbed up to 5% abroad and financial dollars tended to fall. However, the trend lasted little. By noon, …

The Minister of Economy gave a speech before the opening of the exchange rate wheel with details of the agreement with the IMF. So he agreed with the Fund itself, to try to placate the nervousness of the last few weeks.

Minister Luis Caputo encouraged the indebtedness in dollars of companies and the subsequent sale to BCRA to put those resources in pesos and at interest rate.

Economist Gabriel Rubinstein answers questions about the loss of confidence in Minister Luis Caputo, the amount of retirements in the country and the level of net reserves required for the departure from the stocks.

After Luis Caputo confirmed that the agreement with the IMF would be USD 20 billion, the parallel quote yielded. Meanwhile, local roles moved in agitated waters between ups and downs.

The blue dollar went down this Thursday, March 27, and closed to $1,280 for purchase and $1,300 for sale, following the announcement by the Minister of Economy of the Nation, Luis Caputo, on the amount of the new agreement with the International Monetary Fund (IMF).The informal bill went down $10 and returned to $1,300, on the day of a key tender that will command the Treasury. This is the first fall in four days. Thus, so far this week advanced…