The exchange for the market became hot in July. The official dollar rises and quotes to $ 1245, and the blue has already increased $ 25 and have reached $ 1215 for the purchase and $ 1235 for sale. Some sectors see this with concern and analyze what is expected in the second semester.
Economist Fausto spores, director of the Center for Economic Research OJF, made it clear that Argentina was far from the exchange crisis and explained why the dollar grew.
“All the Juses for the dollar, because people have a bonus and they go out to buy dollars,” he said in an interview with Play. “Another thing that happened is that in July, deductions are growing again, then the exporters have already settled a lot before they rise,” he added.
“And, on the other hand, there are flotation stripes: if the dollar was closer to the floor than from the ceiling, it will probably move. Nothing worries that you are moving inside the groups, ”the specialist said.
Fausto is spotal
Spotorno said that the current conditions are very different from the conditions of 2018, and explained that now there is no transfer because there is no entrance to capital. ” On the contrary, the doubt that most Argentines rise is whether it is worth buying dollars or making a fixed time.
Dollar or fixed time? Recommendation Fausto Spotorno
For the economist, what JP Morgan said about the departure from the Argentinean bonds “NOT NEW”. The bank issued a new report on Argentina, in which he warns that although he retains a constructive vision of medium -term points of view, he prefers to “retreat and wait for the best entrance levels” of local assets. “
Thus, the bank announced that he is currently lifting his recommendation on the Argentine bonds and advises to make a profit on long -term instruments, mainly.
“This is that the Argentines say that they know the markets more or less: try to achieve elections with a lower risk,” the economist said.
“I buy dollars or make a fixed time – this is a question that all the Argentines ask. Many people want to save their money because he is conservative at the financial level. He does not think that JP Morgan is thinking about trade and bets. What we see is what any Argentine knows, and someone conservative will be thrown out of the most conservative option that is the dollar, ”he explained.
In the future, he advised what would happen to the dollar after the October elections, the economist said that after this date he would not surprise if the government would take various actions.
“When the electoral noise passes, he will begin to take measures in the field of debt, financial and exchange policy,” concluded Spotorno.
