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Oil and Dollar: the Two External Variables that Condition the Cost Scenario
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1 Articles
WTI oil rose from close to USD 60 to more than USD 110 per barrel and is currently around USD 80, while derivatives used as fuel reference also show variations. Financial analyst Stan Canova pointed out that this volatility scenario adds to a weakened dollar against Guaraní, with a G. 5,500 quote on purchase and G. 5,700 on sale, and recommended to exporters to use forward dollar operations to cover themselves against the decline. Oil and Dollar…
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