An increase is observed in the MEP dollar, standing slightly above 900 pesos, corroborating our first observations in the program about the foreseeable greater demand for post-election dollars, commented Fernando Meaños in Fontevecchia modeon Net TV, Radio Perfil (AM 1190) and Radio Amadeus (FM 91.1).
A crucial piece of information, beyond the quote, is the presence of AFIP officers. This will be a key factor in the next three weeks before the change of government, to understand the actions that the Ministry of Economy, the Central Bank and the AFIP will take regarding the controls in force in the different segments of the exchange market.
Strong correction of the future dollar: at the start of the wheel it touched $900 for December
This aspect will be decisive to understand the intentions that the outgoing government of Alberto Fernández and Sergio Massa intends to convey to Javier Milei and the next Minister of Economy.
On the other hand, it will be central to observe the evolution of the MEP dollar, determining whether or not the Central Bank will intervene if financial dollars continue to rise. Simultaneously, the Buenos Aires stock market opens with a climate of euphoria, reflecting the optimism after the increases in Argentine stocks in the US markets yesterday.
What will happen to the Blue Dollar after Milei’s victory?
Currently, the Merval is 20.6% above its Friday close, indicating that all of Argentina’s leading stocks are experiencing increases. This behavior is also replicated in ADRs, shares listed on the United States stock exchange.
In summary, the Buenos Aires stock market reflects yesterday’s increases on Wall Street and anticipates a positive day for Argentine assets. As for the dollar, the reopening of the markets after the elections shows a rise in the blue dollar to 1,050 pesos and a official dollar with a slight increase of 2%in line with the government’s previously planned strategy of carrying out daily micro devaluations.