#206 – Mid-Term Assesment
Progress, Pending Challenges and Scenarios The BCRA’s well-timed decision to finally begin purchasing dollars in January (USD 1.65 billion accumulated so…
#205 -2026: A New Phase of Optimism…
With Winners and Losers 2025 is ending on a much stronger note than it appeared just three months…
Monthly Report #204
The markets’ reaction following the October 26 election extended the horizon and opened a window of opportunity to…
#203 – Shock win
¿A winning team (and program) shouldn’t be changed? The government took an “all-or-nothing” gamble — and it paid…
#202 – Flows, Fundamentals and Public Opinion
In October 2024, at the start of the dollar flood triggered by the Amnesty, we used the same…