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Source: Tech Know Bits
By: Amber Abramson
The currency is more inclined towards the downside than the upside, in the short term. The closeness of the end of the month threatens its price. They remain to liquidate about USD 10 billion of the crops.
The market knows all these data and continues betting on investments in pesos. In fact, there is a strong expectation for what will happen in the upcoming Lebac tender.
Knowing that the election in the province of Buenos Aires ended with a more than adjusted difference between Kirchnerism and Cambiemos encouraged to take risk because investors discount that in October there are no risks for the ruling party.
The difference with the recent past is that all movements in dollars and pesos are not violent. There is no volatility. The caution premium in the Stock Exchange, the bonds and the real estate market. Although the Merval of the leading stocks rises daily, it does so in a moderate manner.
In the exchange place, the movement is not different. The dollar to the public, which is sold in banks and exchange houses, remained at $ 17.49, while in the marginal square the “blue” closed at $ 18.31, in that case increased three cents from the close of Friday .
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