Market: The exchange rate falls and inflation is expected to rise even more

With our sights set on the inauguration of Javier Milei as President of the Nation, the markets operate with their variables. To talk about operation, Channel E communicated with Ariel Squeo who stated that, “The international market expects the rate cuts to arrive sooner than expected, so this dynamic is positive for stocks, bonds and assets.”.

Gold commodities and cryptocurrencies

According to Squeothere is a very good performance of gold commodities because they are approaching the zone of their maximums around 2040 to 2050. And he added: “As for oil, it changes a little, because in recent months it has been going down and in the short term it may surprise with an increase.”.

Cryptocurrencies “comes good”, but a little slow in recent weeks, maintaining general terms with an upward direction. “I trust that the market will push upwards because that will give it a tailwind”he added.

Local market

Regarding the local market, Squeo He maintained that “a lot of volatility is to be expected“because after Javier Milei’s triumph”stocks measured in dollars rose aggressively at extraordinary percentage rates”.

Assets in pesos copy ADRs in dollars. “If two variables are added: exchange rate and expected inflation, the exchange rate has been decreasing, which means that for assets in pesos it is negative and inflation is not decreasing, on the contrary, it is expected to rise in the following months.“added the analyst.

At the end, he expressed: “Inflation will help assets in pesos, after the current decline, recover nominally upwards”.

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