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After PASO, the blue dollar yields three pesos and falls to $ 182

2021-09-13T15:18:35.784Z


The gap drops to 85% amid the euphoria of investors over the result of the PASO. 09/13/2021 12:05 PM Clarín.com Economy Updated 09/13/2021 12:05 PM Amid the euphoria of the markets due to the defeat of the ruling party in the PASO, the blue dollar fell three pesos and fell to $ 182. In this way, it returns to the average level that it had shown during August, before the pre-electoral dollarization pushed it to touch $ 188. The jump of the Merval and of Argentine stocks and


09/13/2021 12:05 PM

  • Clarín.com

  • Economy

Updated 09/13/2021 12:05 PM

Amid the euphoria of the markets due to the defeat of the ruling party in the PASO, the blue dollar

fell three pesos and fell to $ 182.

In this way, it returns to the average level that it had shown during August, before the pre-electoral dollarization pushed it to touch $ 188.

The jump of the Merval and of Argentine stocks and bonds that are traded abroad, also impacted on the exchange market and made the informal dollar fall back, and with it, the exchange gap that between last Friday and today went from 89% to 85%.

For analysts,

this drop in the blue is temporary

and after the euphoria could resume its upward trend.

The ceiling of the blue will depend in the coming weeks on the measures taken by the Government and on the interpretation that the market makes of these announcements.

The backdrop to the foreign exchange market continues to be

the shortage of foreign exchange

, in a context in which the Central Bank has only

US $ 6 billion

of net reserves to intervene in the market and control the exchange rate.

In the week prior to the elections, he

lost

more than

US $ 500 million

in this task, so analysts point out that the pace is not sustainable since the monetary authority would end up losing its net reserves before the end of the year.

This Monday, amid speculation about whether the Government will promote changes in the cabinet or in the economic direction, the wholesale dollar advanced eleven cents over the previous close and is trading at

$ 98.20.

The savings dollar remains at

$ 170.

For their part, financial dollars remain at

$ 171.6,

both for cash with liquidity, the operation to extract foreign currency from the country, and for the MEP dollar, which is traded on the Buenos Aires stock market.

News in development

AQ

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Source: clarin

All business articles on 2021-09-13

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