The blue dollar rebounded, but it was not enough to avoid its biggest weekly decline in eight months

The blue dollar rebounded, but it was not enough to avoid its biggest weekly decline in eight months

He blue dollar rebounded this Friday, October 8 to $1,105 for purchase now $1,135 for saleaccording to a survey of Scope in the caves of the city. Thus, the informal remained close to the value it had on May 20 of this year, when an exchange rate began after the Government’s decision to cut the rates above those expected. interest ratesmaking investments in pesos less attractive.

The informal bill rose $15, but marked its biggest weekly drop in eight months, accumulating a drop of $55 (-4.6%). Consequently, The spread with the wholesaler is 13.8%, close to the 2019 minimum.

He blue dollar has accompanied the resumption of the decline in financial dollarshand in hand with the positive evolution of reserves, the disinflation process and the expectation of a possible agreement with the International Monetary Fund (IMF), that will add fresh funds,” analyzed the economist Gustavo Ber.

The dynamics of the blue dollar

For its part, Gustavo Quintana, of PR Exchange Operators, He noted that “it would give the impression that the adjustment was important and it is likely that it has hit a floor.”

In October, the blue dollar fell $45 (-3.6%), while in September it fell $70 (-5.4%) and in August it lost $65 (-4.7%). In this way, it closed for the third consecutive month from an excess supply of foreign currency as a consequence of the money launderingwhich this Thursday was extended until November 8.

The market expectation is that it will continue to decline. “With inflation falling, monetary aggregates contained, demand for firm money and positive rates, I don’t see blue tightening the gap,” he told Scope In this regard, the analyst Andrés Reschiniof F2 Financial Solutions.

How much did the official dollar close at today, Friday, November 8

In the official exchange market, the wholesale dollar closed at $994/$997$2 above Thursday’s close.

In the week that just ended, the wholesale exchange rate rose $4below the $5 final adjustment from the previous week.

How much did the future dollar trade at today, Friday, November 8

The contracts of future dollar for November and for December They fell to $1,017.5 and $1,045, respectively. The annualized nominal rate for the year-end term marks 34%. Regarding the contracts for the first half of 2025, they also exhibited a downward trend, with cuts of between 0.3% and 0.6%.

Thus, The expected exchange rate for March is $1,126.5 and that for June is $1,190, which leaves a TNA of 31%.

How much did the MEP dollar trade at today, Friday, November 8

He MEP dollar quotes to $1,125.13 so the gap with the official is located in the 12.7%.

Value of the CCL dollar today, Friday, November 8

He dollar Cash with Settlement (CCL) climbs $1,152.20 and the spread with the officer he positions himself in the 15.6%.

Price of the dollar card today, Friday, November 8

He dollar card or touristand the dollar savings (either solidary) offered to $1,625.60.

Crypto dollar quote today, Friday, November 8

He crypto dollar or Bitcoin dollar quotes at $1,149.61, according to Bitso.

Source: Ambito

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