2023-11-13 15:20:00
At 12 o’clock
The blue falls to $945 following the first operations and down 15 pesos since the opening
However, The dollar stock market operates on the rise and exceeds $900 to stand at $902.54, while Cash with Settlement rises to $896.76.
The Government aims to keep the exchange rate under control in the week before the runoff to prevent nervousness and uncertainty from taking over investors and voters.
After the debate, this Monday the inflation for October 2023 is known and they expect it to be less than 10%
For its part, The official dollar continues trading at $365.50, while the wholesaler makes it for $350. The gap with the dollar between the blue and the informal is 161%. Finally, The dollar for consumption in foreign currency has a value of $736.
At 11 o’clock
This Monday, November 13, eyes are on the market following the debate between the candidates Sergio Massa and Javier Milei that took place last night, before what will be the runoff on December 19 that will leave a new president for Argentina. President who, regardless of his political color, will have a critical economic front with which to begin governing. But it is previously erected this week; the 5 rounds prior to the electionsthat, according to analysts, will continue to show strong exchange rate tension.
For example, today parallel dollar starts in $960 for sale, while cash with settlement and the stock market dollar put upward pressure. Thinking back, the previous week began calmly on Tuesday the 7th, given that banking day was celebrated on Monday. After the holiday, the parallel currency remained at values below $890, however, on Thursday it jumped to 950 pesos in a single day and began to worry.
Actions: they affirm that the market sees a calmer outlook and recovery
On Friday it only rose 10 pesos, and placed it at levels of $910 and $960 for its selling and buying points. It will be necessary to see if it is the volatility of just one day, or as LCG analyzed on Friday, this jump “anticipates the instability typical of the weeks prior to the electoral outcome, especially when voting intentions in several surveys show Javier Milei with more chances than a few weeks ago.”
As for stocks and bonds, the previous Friday the S&P Merval The rebound deepened and stocks rose, while the papers of local companies listed on Wall Street also recorded increases, although the same did not happen with bonds nominated in dollars.
Rava’s analysis showed that “equities, unlike the negative start to the week, in the last rounds of the (previous) week showed strong increases in their peso position. Likewise, the ADRs listed in the New York market “showed a similar behavior but with moderate increases, denoting a rise in the exchange rate implicit in the market in pesos.”
As stated by R.Ava Stock Market, the leading panel finished mixed the previous week, with the largest rise in Ternium Argentina (TXAR 14.79%), followed by Aluaar (ALUA) with a rise of 10.25%, “which reflected an interest once more in hedging assets once morest a possible devaluation of the exchange rate. On the other hand, with the greatest decrease we find Supervielle (SUPV) with a weekly decrease of 7%. In this way, the index Merval measured in pesos ended at 660,275 points, an increase of 4.66%, while the Merval measured in dollars ended at US$752, an increase of 2%,” said Rava operators.
Y If it’s regarding volatility and expectations, Today the extra result of the debate of the candidates Sergio Massa and Javier Milei is added.
financial dollars
Last week already, Rava Stock Market He showed in his weekly analysis how volatility is growing in the face of the electoral context. The analyst Priscilla Bruno explained that in the local market, although it was a short week, the assets once once more reflected the volatility due to the electoral context: “news, rumors and events set the pace for both assets and financial dollars,” he explained.
The market sees a “combed Milei” or an “orthodox Massa” as more likely
“Los financial dollars They showed corrections at the beginning of the week but then gained momentum. The MEP dollar ended with its price at $874, a weekly increase of 1%. For its part, the cash with settlement was positioned around $878, a weekly increase of 1%”he pointed.
While, Martin Polo, Chief strategist Cohen remembered that Financial dollars saw a rally towards the end of the week. “The rise might not be contained either by the strong restrictions that weigh on operations, or by the flow of exports under the 70/30 scheme,” he noted in the daily report.
To complete the analysis he expressed: “the ‘free’ MEP registered an increase of 6.9% in the week and closed at $904, while the CCL climbed 4.1% to $908. As a result, the gaps with the official dollar “They stood at 158% and 159%, respectively, compared to the levels of 177% and 196% prior to the elections.”
On the other hand, he indicated that “the intervened quotes also showed increases: the MEP rose 1.9% to $875 and the CCL rose 5.6% to $900, leaving their gaps at 150% and 157%, respectively. In Rofex, devaluation expectations moderated and contracts fell 2.4% on average during the week. The November contract fell 2.4% and closed at $384, which implies a direct devaluation of 10% or $2 daily as of November 15, while the December contract rose 1.7% and closed at $679, which implies a jump of 77% in said month,” he concluded.
LR
1699889151
#Dollar #today #candidates #debate #blue #falls
