Dollar: why would the Central Bank not devalue until this Thursday?

A call for solidarity: “savers and investors, do not rush to make decisions if you believe that the Government will devalue”. At least, he won’t, in his right mind, until next Thursday. Why? very simple, the Banco Central (BCRA), who also slowed down the rate of daily devaluation in recent days, will not shoot himself in the foot. At least, it should not do it, if in the directory of the BCRA the spirit of survival prevails and the fear of future questions about the duties of a public official.

It happens that next Wednesday the futures contracts of dollar. There are open positions in the market for approximately US$8.5 billion. That is what is registered in the two markets where these hedges are operated for the exchange rate, the ROFEX and the MAE.

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