The Market Dollar Woke Up

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The Market Dollar Woke Up

Third week
November 2022

After about 100 days of extreme calm, the market dollars woke up from their nap. There is a logic in that. With the official dollar moving in the range of 6-7% per month and the market dollars stagnant, the FX spread had approached 80% with the informal dollar and a little more with the MEP and blue chip swap. That could give the idea that the situation in Argentina was under control, when we all know that this is not the case.