The Limited Times

Now you can see non-English news...

The blue dollar makes a new leap and approaches the solidarity dollar

2021-04-29T19:36:34.820Z


In two days, it climbed $ 9 and is selling for $ 161, a value not seen since January. The cash with liqui exceeds $ 155.


04/27/2021 12:42 PM

  • Clarín.com

  • Economy

Updated 04/27/2021 12:42 PM

After registering

the biggest daily rise of the last six months

on

Monday

, and on another day of demand in the informal market, the

blue dollar hits a new jump

 and is already selling at

$ 161. 

It is a maximum that it had not seen since the beginning of anus.

The parallel dollar seems to have woken up after months of lethargy:

in the last seven wheels it has already risen almost $ 20

.

The speed at which it is regaining ground draws the attention of analysts.

Thus, the free dollar is

no longer the cheapest exchange rate of all

and the price is almost tied to

the solidarity dollar

, which is achieved at $ 163 in banks.

The jump of the blue is accompanied by a

greater demand of currencies

in the financial markets.

The

MEP dollar and cash with settlement are

also moving higher, trading at $ 152.01 and $ 155.54.

With these numbers, both prices accumulate monthly increases

above the inflation projected

for this month. 

The eyes of the analysts are on the

jump in the gap

between the parallel prices and the official one, which despite the daily devaluation of the peso in the wholesale market, is already

over 70%.

The distance between the

two prices is a factor that closely monitors the government, which wants a guaranteed gap

without major upheavals

at least until the midterm elections.

The Central Bank improved its performance to face these devaluation pressures in the last two months, due to a higher sale of dollars from the field.

According to private estimates this Monday,

almost US $ 175 million entered the foreign exchange market.

The BCRA was able to

buy more than US $ 1,400 million

so far this month, thus accumulating

firepower

to intervene in the bond market and thus avoid a greater surge in financial dollars.

But the gap also works at this point as a disincentive for exporters, so keeping it at bay is vital so that the exchange rate dynamics of those months can extend at least until October.

NE

Look also

With the official dollar stepped on, 500 companies presented precautions to allow them to import

Why is the gap between the blue dollar and the official one again the thermometer that economists look at?

Source: clarin

All business articles on 2021-04-29

You may like

News/Politics 2024-04-02T22:26:52.553Z

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.