How to hedge against a devaluation without buying dollars
The demand for foreign currency in its different versions does not cease a few days after the STEP. For those who cannot, do not want or seek to diversify, there are options in pesos to tie themselves to the greenback
Local investors make calculations to find out which assets in pesos will perform better in the event of a rise in the dollar (NA)
The tension in the market, the proximity of the presidential elections, PASO first and general ones later, and the repeated signals that the days of the multiple exchange rate scheme are numbered, cause the demand for dollars in all its versions to skyrocket. Whether in the informal segment, the different variants of the financial or, from the companies’ point of view, the attempts to advance as many imports as possible at a preferential parity, keeps the Central Bank’s deteriorating reserves under pressure and challenges the official attempts to contain the gap between the different options.