USDARS early closing comment (Martin Zeman, 4/27/2018)

From: Martin Zeman Sent: 4/27/2018 1:45:05 PM To: 'Paul Barrett (- CC: Xavier Avila Subject: USDARS early closing comment - From our traders- Stewart Oldfield {AR} ARS Early closing comment - very busy day for USDARS, we saw some 2 way flow in the morning and inflows during the afternoon, post BCRA 300 bps emergency hike... Today's hike was the only short term solution they could find to the mismanagement of the interventions we have seen in the last couple of weeks. For now the ma