The Remove from the stocks For human people inaugurated a new Economy stage Argentina. Last Thursday, the Dollar Blue closed at $ 1,390 For purchase and at $ 1,410 for saleaccording to the City operators consulted by scope, which reflected a Gap with the officer is located in negative field.
The price recorded yesterday in informal markets – the highest in the last year – It is directly related to the upward trend of the dollar, started in July. The new exchange scheme of the government, the electoral defeat in the legislative elections of the province of Buenos Aires and a lower intervention from the treasure and a strong cut in the rates are some of the reasons behind the record recorded by the blue dollar
The reasons behind the Blue dollar record price
The reasons for the Blue dollar rise are intrinsically related to the behavior of the official market. Thursday reflected a pressure day on the official dollar. In the National Bank touched $ 1,450, while in the wholesale segment he climbed $ 1,432to be only 2.8% of the band’s roof ($ 1,472).
It should be noted that on Monday, April 14 of this year, The Government opened a new stage in the exchange market after the elimination of the stocks. This modified the relationship between official contributions and the parallel market that, In the new scheme, they tend to arbitrate permanently.
At the close of this Thursday, the Blue dollar presented a negative gap with the officer. In this new scheme – with flotation bands as one of the main characteristics – it will be difficult to see both quotes distanced one from another.
In that sense, the record price of the Blue dollar is related to the rise of the wholesaler, which presented a weekly rise around the 5.7% ($ 77).
It is also worth noting that, since the end of the stocks, the informal market represents a much smaller portion, Behind the official dollar and financial.
On the pressure on the dollar, the upward trend of the last week is explained in response to Several situations of the political situation. First, to the absence of support to the Government in the province of Buenos Aires, the most inhabitant of the country. The management of Javier Milei was defeated by almost 14 points in Buenos Aires territory in the legislative elections that were carried out last Sunday.
In addition, after the elections, the Government decided Rate cut. On Wednesday, these returns closed at 35%, when at the beginning of the week they were 45%. In turn, this impacted the rate of cion to one day that the private sector uses to obtain liquidity, which this Thursday culminated in 31%.
Dollar: The quotes on Thursday, September 11
Blue dollar
The Blue dollar quoted at $ 1,390 for purchase and $ 1,410 for sale, according to the City operators consulted per scope.
Official dollar
The dollar remained under pressure this Thursday and in the Nation Bank (BNA) touched the $ 1,450, while in the wholesale segment he climbed $ 1,432, to stay only 2.8% of the band’s roof ($ 1,472).
MEP dollar
The MEP dollar operated at $ 1,437.64 and the gap against the wholesaler is 0.4%.
CCL dollar
The dollar counted with liquidation (CCL) quoted at $ 1,444.79so the gap is 0.9%.
Evolution of the blue dollar in the last four days
The blue dollar showed an oscillating dynamic throughout the week. On Monday it closed to $ 1,385 for sale, with a minimum gap against the wholesale officer of 0.8%. He Tuesday remained stable in $ 1,385 for sale and $ 1,355 for purchasebut the gap with the officer moved to negative land.
Wednesday the Parallewhile the purchase was $ 1,365, with the gap still at negative levels. Finally, on Thursday he recorded a slight advance and ended at $ 1,410 for sale and $ 1,390 for purchasewhich established a new record but kept the negative gap.
Source: Ambito
