The Dollar Broke the $1,500 Barrier: Why the Government Stopped Defending that Roof and What the Market Is Waiting For
6 Articles
6 Articles
The wholesale exchange rate exceeded the internal ceiling defended by the economic equipment and in the market understand that the strategy of containment that led to the leap of the rates in pesos has been exhausted
The wholesale dollar exceeded the $1,500 barrier this Monday and opened a new debate in the market about the government's priorities: to sustain the inflationary control scheme or allow for a greater exchange rate correction to give air to interest rates and to an economic activity that continues under pressure.
The local market took relatively calmly the rise of the wholesale dollar quote, something that many had anticipated after the decline in interest rates of different instruments, and began to analyze what could be a new benchmark, with the barrier of the $1,500 in the past.In that framework, the country risk remains stable, with a marginal drop of a point, like the retail dollar, as shares and ADRs reverse the rise of the last days and operate in…
The wholesaler's quote finally broke the $1,500 and closed at the highest value for the last three months
After several magues, the exchange rate finally crossed the symbolic barrier. The government is faced with the eternal dilemma of prioritizing inflation control, or giving more impetus to the economy.
The wholesaler exceeded $1,500 and the market looks at the next move of the Central Bank, rates and fixing of the LELINK.
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