ARS should go up against its peers only due to electionary effect (till October). Why? due to a tight monetary policy which Sandleris is taking into effect. Bear in mind that he enter office in late Septmber 2018 and Just look at the effects to Monetarist theory applied to excess of monetary base produces by Keynesian economic thought. Scenario of ARS above 55 and so on are lunatic if a non-right goverment wins. Under a political analysis Macri's gvt wouldn't a center gvt but rather a center-left.The only positive thing about Macri's is Central's Bank Montary tight policy.
tgt: 42.2 for sure
tgt worst case scenario: 47
Bear in mind that a supre cycle can help EM's until FED dcides to start moving up again with a tighter montary policy via quantitative tightening and intrest rate hikes.
trade safe,
tgt: 42.2 for sure
tgt worst case scenario: 47
Bear in mind that a supre cycle can help EM's until FED dcides to start moving up again with a tighter montary policy via quantitative tightening and intrest rate hikes.
trade safe,
הערה:
go get them tiger
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