The dollar remains under pressure at the top of the band, despite Scott Bessent’s mega intervention

The dollar remains under pressure at the top of the band, despite Scott Bessent’s mega intervention

In the informal market, the blue dollar operated on $1,530 for purchase and $1,550 for saleaccording to the operators of the city of Buenos Aires consulted by Scope.

The wholesaler touched the band but retreated due to external intervention

In the first operations of the day, the wholesale dollar reached the ceiling of the exchange rate band – around $1,491.60—, although it deflated towards the close and ended in $1,489after an unusual intervention in international markets.

According to Bloomberghe United States Treasury would have acted with a sale of between US$400 and US$500 millionwhich made it possible to contain the pressure on the exchange rate and prevent the BCRA from having to sell reserves again, as happened the previous day, when it got rid of US$45.5 million.

The total volume operated reached US$793.8 millionwithout selling participation of the Central Bank in the wholesale segment. On this occasion, the purchase of pesos came mainly from operations coordinated by the US Treasury, which sought to stabilize the parity amid electoral uncertainty.

Luis Caputo dollarization

Luis Caputo also ruled out changes in the exchange rate policy

Market on guard until Sunday

The wholesale dollar continues to stalk the band’s ceiling“, which would have required sales again yesterday by the BCRA, waiting for Sunday to finally arrive and thus, starting next week, it can be evaluated whether dollarization was overlooked during this electoral period,” said the economist. Gustavo Berin dialogue with Scope.

Operators agree that the dynamics of the exchange market are totally dependent on the electoral result. Interventions, both local and external, seek to maintain some short-term stability, while investors position themselves awaiting clearer political and economic signals for next week.

How much is the blue dollar sold for today, Thursday, October 23

The blue dollar sells for $1,550 and the gap with the officer is located in the 4.4%.

MEP value today, Thursday, October 23

He MEP dollar quotes at $1,598.82 and the gap with the official dollar is located in 6.7%.

Value of the CCL dollar today, Thursday, October 23

The dollar Cash with Settlement (CCL) operates at $1,611.17 and the gap with the official dollar is 8.2%.

Price of the card dollar today, Thursday, October 23

He dollar card or touristequivalent to the official retail dollar plus a 30% surcharge deductible from Income Tax, was positioned in $1,969.50.

Quote of the crypto dollar today, Thursday, October 23

The crypto dollar or dollar Bitcoin quotes at $1,583.05according to Bitso.

Bitcoin value today, Thursday, October 23

Bitcointhe most popular cryptocurrency on the market, operates in the US$107,937according to Binance.

Source: Ambito

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