The dollar rises after Lacunza's hypothesis

As reported domain.com, the greenback is sold at an average of $ 58.50 in the banks and exchange offices of the city of Buenos Aires after the press conferences of Lacunza and the head of the power plant, Guido Sandleris.

The new finance minister said today that the dollar was "above its value of balance" and revealed that the president Mauricio Macri he ordered that guarantee the stability of the exchange rate.

"The exchange rate is above its equilibrium value and a higher rate is not necessary. Any rise is unreal, speculative and harmful to the economy ", Lacunza said at a press conference after being sworn in as minister.

For its part, Sandleris has denied today that the plant uses its reserves to contain the dollar, which it considers the value as "competitive".

"The reserves are intended to moderate the volatility of the exchange rate, but they will not be used to contain quotations far from the" fundamentals ". The exchange rate is now competitive ", Sandleris said at a press conference.

"The plant has managed to stabilize the dollar by intensifying the absorption of the pesos.We will continue to absorb pesos and intervene on the foreign exchange market," said the president of the power plant, citing the rise in Leliq rates.

Last week, the US dollar accumulated an increase of 11.57 dollars after the STEP in which Alberto Fernandez got 15% more votes than Macri.