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The blue dollar falls for the third day in a row and is trading below $ 180

2020-10-28T15:12:21.681Z


The cash with liqui also recedes. Argentine shares sink on Wall Street.- Blue dollar today: how much it is trading this Wednesday, October 28


10/28/2020 11:48 AM

  • Clarín.com

  • Economy

Updated 10/28/2020 11:48 AM

After two consecutive drops, this Wednesday the blue dollar remains at $ 181 and

falls to 179 in some caves.

From the peak of $ 195 last Friday, it fell 14 pesos or 7%.

It was by force of official calls and indirect interventions in the market so that the operators limit the transactions of cash with liquid and the sale of bonds to lower the financial dollars.

To this was added the expectation for the issuance of the bond tied to the dollar by the Ministry of Economy.

This operation attracted investments in pesos and took pressure off the demand for dollars.

This Wednesday,

the cash with liquid

, which is achieved through the purchase of bonds and their sale abroad,

started on the rise

, as it happened throughout the week until the Government came to lower it, and

now it falls 1%, to 160, 93.

Last week it had reached $ 181.

The same happened with the MEP dollar or Bolsa, the transaction to buy foreign currency in the country.

It fell 0.7%, to $ 151.84.

In addition to the suggestions to the stockbrokers, the public bodies continued to supply cash with liquid through

the sale of bonds that they had in their portfolios

.

In the previous wheels, the resource of going out to "burst" public titles was kept for the close of the day, to lower the temperature at the end.

But on Monday and Tuesday the government intervened just after the opening.

On the blue side, what transpired was that

"friendly hands" appeared

that offered block sales below the market price.

The same had happened on Monday.

With the fall of the blue the exchange gap was reduced.

Last week it had touched 150% and now - with blue at $ 181 - it

falls to 132%.

The wholesale dollar, where banks and companies operate, is

at $ 78.30.

The savings dollar, with taxes and surcharges included, reaches

$ 138.

Actions in red

Argentine shares, meanwhile, collapse 6.1% on the Buenos Aires Stock Exchange and up to 6% on Wall Street, on another bad day for international markets, in which the Dow Jones falls 2.7%.

Among the most punished local papers is that of YPF and that of the banks.

Country risk, the indicator that measures the surcharge that Argentina would pay for borrowing, rises 1.8% and

reaches 1,485 basis points.

NE

Look also

Now the Government left the door open to ask the IMF for more money

Can the Guzmán Plan to issue debt in pesos work?

Source: clarin

All business articles on 2020-10-28

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