September 2020 – Alphacast

Weekly Report Nº 41: Positive fiscal signals amid FX turmoil

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Post published:September 25, 2020
Post category:Macro Research
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[Markets] Market sentiment remains pessimistic after the latest tightening of capital controls and FX premium widened to new record highs and, despite increased efforts, the central bank is still losing…

Weekly Report Nº 40: Kicking the can down the road

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Post published:September 18, 2020
Post category:Macro Research
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The government enacted a new set of regulations tightening FX controls to new extreme levels. The combo includes an increase of the exchange rate through taxes for dollarization purposes, further rationing of…

SEIDO Macro Update: The Quasifiscal Strikes Back

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Post published:September 8, 2020
Post category:Macro Research
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With the debt exchange behind, the focus is now back to macro imbalances. The fiscal deficit is headed towards a record high and the size of the domestic financial market makes…