Blue 12.75 And Falling.........

[Churchill]

It seems the market believes an arrangement with the holdouts is almost a done deal. What else could explain this sudden dip? Cant be down to just more controls and inspections.

 

[ElCordobés]

Maybe the Chinese currency swap? http://www.bloomberg.com/news/2014-10-30/argentina-gets-reserves-boost-from-china-currency-swap.html

 

[Churchill]

If it falls below 12 im gonna be buying me some dollars.

 

[Rich One]

If it falls below 12 im gonna be buying me some dollars.

Sure many others are thinking the same!!!! So more demand !

 

[Ceviche]

I am waiting for Jan 29th, 2015

when i us$ = 19.5

 

[Churchill]

what is happening on that date?

 

[cbonanni]

It's the Chinese Yuan for pesos for dollars swap...... for sure.

 

[Alicia karr]

I've been trying to understand this craziness by reading all the articles I can find...but even the articles are indecisive...some say it's a result of Vanolis campaign of fear (closures and fines at cuevas and private banks)...others blame the chinese trade swap which allowed Cristina to exchange the Yuan for dollars on the open market, which she then used to flood the market here. Others are even attributing some success to the dollars for pesos bonds that axeloff brainstormed. I often think the real reason has to do with agreements between major players behind closed doors, like everything else here. Using limited transparency to find answers here points to dead ends. So for me that implies the answers laying in what we cannot see...

 

[Dublin2BuenosAires]

The sell is 12, buy is higher, prob closer to 12.7, and if it is not favourable they may not buy.

Peso slaves are buying at around 10.5 at the minute, official + 20% retention (to be returned at end of yr if your accounts are straight...dont believe the hype, it's very achievable) Most people are using 10 as a reference point, buying at that rate, walking out the door to the street, selling and returning back to lodge 80% in their accounts and trouser the 20.

This is the gap "they" are trying to close, although they'll need to work hard to keep up with the liquidation of aguinaldos into dollars in dec and the holiday season frenzy.

Not sure if I would be confident enough to make any long term predictions as Argentina has a way of making fools of the brave.

 

[Rich One]

I've been trying to understand this craziness by reading all the articles I can find...but even the articles are indecisive...some say it's a result of Vanolis campaign of fear (closures and fines at cuevas and private banks)...others blame the chinese trade swap which allowed Cristina to exchange the Yuan for dollars on the open market, which she then used to flood the market here. Others are even attributing some success to the dollars for pesos bonds that axeloff brainstormed. I often think the real reason has to do with agreements between major players behind closed doors, like everything else here. Using limited transparency to find answers here points to dead ends. So for me that implies the answers laying in what we cannot see...

Well said, add also the increased sale of crops by farmers and the Belief that in January the issue with the holdouts will be settled.