Blue dollar and financiers are on fire: how far can they go?

With the same look Delphos Investment recalled in Tuesday’s report that “the long sleep since the last nominal CCL high in January has enabled the very important rollover of various peso instruments with little volatility,” but based on the BCRA rate cut, “this will be necessary to monitor the breadth of this bullish realignment “

For our part, in SBS Groups They maintained their view that the CCL market, and therefore the blue market, is driven primarily by flows and noted that Today, “the key variable to monitor remains the elimination of exports.”especially in agriculture during the months of abundant harvest.”

In this sense, it is worth noting that export liquidations have decreased compared to last week’s figures, remaining below US$300 million per day, which reduces supply in the CCL.

Economist Gustavo Behr agreed in dialogue with Volume that “rate cuts plus political uncertainty” is the combination that encourages parallel dollars, and it is estimated that “The financials, which act as a compass, will have an important test around $1,200.”“The blue market is a retail market and generally follows these guidelines because it activates arbitrage,” he said.

Likewise, an economic analyst Salvador Di Stefano In conversations with this medium, he dared to predict that Perhaps $1,300 is the ceiling for the blue dollar.