The informal bill reached 1,300 Argentine pesos, reaching a new mark, at the same time as financial dollars advance.
The blue dollar in Argentina It does not stop its climb and rose for the fifth consecutive day, reaching $1,300, which generates concern about the possible rebound effect that it could generate in the Uruguayan economy, which had been recovering after having gone through a year of loss in consumption.
The Uruguayan economy is just beginning to rise from the effects that exchange difference and the price gap generated during the past year, especially in the coastal departments. The most compelling sign of this is the improvement in sales of commerce and services for the first time in almost a year, and in the positive performance of items such as Personal Care, Fuel and Supermarkets.
However, in the last week, the Dolar blue in Argentina Its value has been climbing for the fifth consecutive day, reaching a new record of 1,300 Argentine pesos, reaching a gap that stands at 44.9%, the highest level since the end of last January. In parallel, the official dollar rose to 909 Argentine pesos.
The causes of the rise of the dollar in Argentina
The sustained rise of dollar of recent weeks is explained by a combination of political and economic factors among which stand outl disarmament of fixed deadlines by lowering of ratesthe lower supply of foreign currency from exporters and the political obstacles that the national government encounters in sanctioning the Bases law and the fiscal package.
“Beyond the fact that rate cut has had a strong influence on the awakening of financial and free dollars, It is also being generated by the lower pace of liquidations, which therefore reduces the supply that reaches the market from the blend,” said the Argentine economist. Gustavo Ber.
He added that “after recent accelerated rearrangement, “Even within the strong exchange rate appreciation of recent times, operators will be attentive to a moderation of the slide towards the $1,300 area, with a gap already around 45%.”
For the IEB analyst, Nicolas Capella, “The mix of the perfect mini storm of carry disarmament, more delays on the legislative front, plus the low supply from the field continues.”
Source: Ambito
