The adjustment gains strength and the bet to leave the dollar still, too. The key is how much recession will be necessary for inflation to go down.
The Government wants the dollar as an anchor, but some see an exchange rate jump as inevitable for April. The new cycle is generated from the sharp drop in sales since the beginning of the year in response to what was the price stampede after the December devaluation. The discount war is also evidence of the new stage crossed by the downward trend in quantities sold.