BCRA is reducing its USD futures short position

Depreciation expectations have decreased substantially in recent months, allowing Argentina's central bank to reduce its USD futures short position to USD 963mn in April (down from USD 5.7bn in last October). The forex market has relieved some pressure compared to H2-20, allowing the BCRA to increase its stock of net reserves.

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Economist. Doing macro research @Seido. Building something different @Alphacast

Banco Central de la República Argentina (BCRA) is the central bank of Argentina, responsible for issuing and regulating the country's currency and managing its monetary policy.

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