After a black week for the government, where the exchange rate did not stop its upward course, the week starts with strong tensions around the green ticket. The official dollar in its retail segment is already at $ 1480, while in the wholesale sector, the one that counts for the consideration of the exchange bands, is already at $ 1,470, just at the edge of the band, located at $ 1,473.
Also the blue dollar rises that reaches up to $ 1,445. The MEP operates at $ 1,473.62 and the dollar card at $ 1,924. The week begins with strong turbulence in the exchange scheme and raises an unstable scenario to the national elections of October 26. This adds to the enormous contraction suffered by Argentine companies in the Buenos Aires Stock Exchange and in New York during the past week.
It is that to the enormous political weakness revealed after the libertarian defeat of the last September 7, a politically complex week is added, where the vetoes on university financing and the Garrahan could be rejected in Congress this Wednesday, on a day of important mobilizations.
If the exchange band ceiling, the Central Bank will be forced to intervene, consuming the few reserves that it has to avoid a shot. Meanwhile, the Fund continues to press for an even greater devaluation and after the October elections.
Source: www.laizquierdadiario.com
