US EditionThe Government Must Act Quickly to Contain the Dollar, Which Aims to Test the Ceiling of the Exchange Rate Band
4 Articles
4 Articles
The worst possible scenario, the one to which the markets assigned the least probability, ended up becoming a reality. Libertad Avanza (LLA) suffered a strong defeat in the province of Buenos Aires, a result that ignited the alarms on the financial front.The pressure immediately intensified on the exchange rate, which in the opening of the markets began to approach dangerously the roof of the exchange rate band, located around $1471.In this cont…
The election result for the government was worse than expected by the markets, which will have consequences on the financial variables. Milei and Caputo assured that there will be no change in the economic direction
The exchange rate in Argentina is crossed by a control scheme that combines flotation with pre-established limits.This modality, known as the exchange rate flotation regime within bands, seeks to give some flexibility to the market while the Central Bank maintains the ability to intervene when the currency approaches critical values.What is the exchange rate flotation within bands The system was announced by Economy Minister Luis Caputo on April…
The journalist also analyzed the outcome of the Buenos Aires elections and said: “I think that the political influenced the election result, but I think that economics clearly has a scenario for October.” Read more
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- 50% of the sources lean Left, 50% of the sources lean Right
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