As the rumor mill churned, the volume of dollar futures operations shot up, with a marked acceleration after 2 p.m. The numbers speak for themselves: in just one day, the market saw over 50% of the volume normally traded in a week. “Ahead of the close of trading, activity increased due to expectations around the speech for the opening of congressional sessions,” a CNV source told the Herald. All week, rumors have circulated about possible announcements that Milei could make during his speech for the opening of sessions. In addition to the volumes, market analysts were struck by the spread between bid and offer on the contracts.

Source: Bueno Aires Herald March 01, 2024 23:56 UTC