In a full offer of Letes and Lecap, the dollar drops 19 cents, what will happen?

Offers. The Ministry of Finance will present treasury bills in pesos and dollars today. They have expirations at 193 and 116 days. It will also launch auctions of national Treasury bonds in pesos (BOTE), at a fixed rate, which will expire on November 21, 2020. The receipt of offers begins at 10 am and ends Wednesday at 3 pm.

Modifications by the G-20. Operations will be limited on Thursdays at 10 am to 1 pm On Friday, the public and private banks of Argentina will not open their doors to the public during the holidays at CABA.

Is the carry trade the fault of the rising dollar?

The operator Gustavo Quintana, of PR Corredores de Cambio, badured Ambito.com that this is due to "a combination of factors, among which we can mention the disarmament of the carry trade, the important deadlines of the bonds abroad and the inexorable beginning of closing and offsets at the end of each month seem to combine to trigger a dollar correction of an unexpected magnitude ".

Other causes

In October, inflation was 5.4% and around 40% in 10 months, which suggests a delay in the exchange rate.

According to data from the Central Bank, in October, out-of-pocket card spending and pbadenger-related services led to a $ 514 million outflow. This number is expected to increase in summer due to holidays.

Other economists have badyzed the fact that the greatest liquidity in pesos on the market was due to a miscalculation in thinking of the need for companies to have a greater amount of local currency for premiums of Christmas, wages and other necessities of December.

The demand for dollars has also been spawned by the need for this currency by large companies to pay for their imports.