Business Corporations Sharply Raise Dollar to $ 49

Before the opening of public and private banks, some of the most well known brokerage firms in the financial market have sharply increased the dollar price and have placed it at 49 pesos on sale this Monday morning.

The rise came after opposition Frente de Todos won 47.65% of the vote in Sunday's primary election, generating a difficult defeat for the official Ensemble for Change, which reached only 32.06% voices. votes, according to 98.67% of the tables counted.

The integrated formula of Alberto Fernández and former President Cristina Kirchner has thus defeated the official binomial integrated by Macri and Miguel Ángel Pichetto.

Although this victory of the Front of all was seen to come, on the financial market, a difference of three to five points was expected and with Fernández not exceeding 43% of the vote. As a result, the result could generate a bad mood in the financial city much more than expected.

Even on Friday, Merval climbed 7.94 percent to 14,355.09 points, when the Macri government itself polled investors who scored 1 point higher. But pollsters again showed a very poor performance in previous elections.

On Monday morning, Balanz Capital, liquidation and clearing agent in the markets of BYMA, MAE and Rofex, offered the dollar at 49 pesos after raising it 2.5 pesos after the election results.

Although public and private commercial banks operate from 10 am, there were already movements with the exchange rate in stock exchanges that operate 24 hours a day via the Internet, Balanz Capital and Bull Market Brokers moving from the same Sunday.

Bull Exchange – the trading agent Bull Market Brokers – brought the price of the US currency for the sale of 46 to 48.80 pesos Sunday evening and on Monday morning, it was again adjusted to bring it to 49 pesos .