Global Courant
He Dollar blue Shaking off the drowsiness of the last few days, this Tuesday it jumped thirteen pesos, causing it to close at $758. This means that it has increased by 28 pesos so far this month and is now approaching the record of 780 dollars that it reached after the PASO elections in which Javier Milei triumphed.
With this increase, which brings the currency rate to its highest level in the last six weeks, the exchange rate gap against $350 of the wholesale dollar stands at 117%.
The increase also reaches financial dollars. The highlight is the increase in liquid assets, which rose by 1.8% to $775, a price that consolidates it as the most expensive on the market.
The MEP dollar closed at $690.5, up 1.1% in this wheel.
The end of the soybean dollar 4, which ends this Friday, and the government’s confirmation that there will be no postponement gave the dollar a boost.
Analysts expect foreign exchange supplies to fall again starting next week after agriculture liquidated nearly $1.5 billion this month.
Without this additional contribution, the central bank’s reserves will crunch again. Another negative signal driving the dollar higher is that the central bank has failed to increase reserves despite the soybean dollar 4.
In this round, the central bank purchased $3 million, reaching $520 million so far in September, while net reserves remain negative at $5,000 million.
The lack of foreign currencies, as well as the greater dollarization of portfolios that usually occurs around elections, means that parallel dollars tend to rise.
The blue dollar rose by 13 pesos that day and jumped to 758 dollars: what will the price continue?
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