Friday’s closing was eloquent: wholesale dollar ended in $1,450closer and closer to the ceiling of the exchange rate band, today in $1,490. The financial dollars They easily surpassed the $1,500and the CCLalready under intervention by the North American Treasury, closed the week in $1,539.
Although no official figures were released, private estimates suggest that the Treasury would have sold close to US$400 millionan insignificant amount for the United States, but insufficient to curb local demand.
With the legislative elections just around the corner, analysts anticipate that the dollarizing demand will intensify. Consulting firms estimate that in October a historical record of US$ could be reached5 billion in currency purchases, driven due to political uncertainty and the search for refuge from volatility. The pre-electoral tension and the shortage of pesos—with rates that reached 190% annually— deepen the expectation of a week of high exchange rate volatility.
Javier Milei opens the umbrella in the run-up to the elections: “They will do everything possible to generate panic with the dollar”
The president Javier Mileitrue to his style, was active on social networks in the last few hours. This time he positioned himself on two central issues this week: the dollar and the legislative elections next Sunday, October 26. Through a post on his “They will do everything possible to generate panic” with the currency.
Milei’s message takes on more relevance amid the help of the US Treasurywhich confirmed through Secretary Scott Bessent the intervention with US$40,000 million, as a pair of the bailout swap that the Donald Trump government activated.
“KEEP IN MIND. End”. With these words, the President denounced through a retweet a post by economist Federico Domínguez that the next few days will be one of “panic” and “lies”, as stated in the message of the aforementioned finance specialist, with an analysis of his vision of what will happen in the coming days with the North American currency.
In the tweet referred to by Milei, Domínguez began by saying: “This week they will do everything possible to generate panic and try to make the dollar the cover of the newspapers. There will be lies: that the US Treasury “lets go” of the Government, that after the election the bands end and there will be a large devaluation, that the Government “spent many dollars” to intervene, that debt payments are at risk, and much more.”
In another section, Domínguez maintains: “Politically, the operations can be even larger. The reality is that, in December, the Government and its allies will see their capacity to defend the fiscal balance reinforced. The monetary program is solid, because there is a capitalized BCRA, few pesos and a fiscal surplus.”
How much does the official dollar trade at today, Monday, October 20
In the segment wholesalerwhich is the market reference, the dollar was sold at $1,450. In this way, it rose $48 (+3.4%) compared to the previous day.
How much is the blue dollar sold for today, Monday, October 20
The blue dollar was sold at $1,485 and the gap with the officer was located in the 2.4%.
MEP value today, Monday, October 20
He MEP dollar quotes at $1,526.11 and the gap with the official dollar is located in 5.3%.
Value of the CCL dollar today, Monday, October 20
The dollar Cash with Settlement (CCL) operates at $1,541.22 and the gap with the official dollar is 6.3%.
Price of the dollar card today, Monday, October 20
He dollar card or touristequivalent to the official retail dollar plus a 30% surcharge deductible from Income Tax, was positioned in $1,917.50.
Crypto dollar quote today, Monday, October 20
The crypto dollar or dollar Bitcoin quotes at $1499.00, according to Bitso.
Bitcoin value today, Monday, October 20
Bitcointhe most popular cryptocurrency on the market, operates in the US$106,115, according to Binance.
Source: Ambito
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