The carry trade comes to an end: they warn of a massive dollarization before the STEP

The markets opened the day of this Monday to the rise. However, the elections are approaching and, with great uncertainty as to the results, it is possible that there will be a dollarization of portfolios before comedians.

In this context, we communicated with the economist miguel boggianowho spoke about the economic and financial situation of the country in view of the PASO.

Financial summer, how long can you continue with the carry trade?

“Everyone wants the answer to this questionthe portfolios are going to be dollarized because the flows rule”, said Boggiano, who later completed: “Before the PASO there will be an exit from the carry trade”.

dollar and stocks

“In the coming weeks there will be upward pressure for the dollar,” explained the economist. “If there were no traps, the dollar would be below the current price of the blue for purchasing power parity”added.

“For a while now everyone has been coming to buy in the country because we are very cheap,” said the interviewee. “The stocks generate competition between importers to seek to extract dollars from the Central Bank”, he added.

Finally, Boggiano said that making accounts of “dollar convertibility is misleading.” “Every time you delay the decision to remove the stocks, The problem is going to get worse but the situation that we are experiencing today is completely artificial”conclusion.