“It is not today’s rise that should surprise us, but rather the stability it had in the last three weeks, when you come from an inflation of 3.5% in September and when the first data for October show similar levels in price increases. “, the financial analyst told Ámbito Christian Buteler.
“If the peso falls against all prices in the economy, why would it not do so against the blue dollar? The trend is upward, I have no doubt. How much is it going to continue to rise? I don’t know, it depends on how monetary policy behaves, how many pesos are issued, “he said.
For his part, the director of Portfolio Personal Inversiones (PPI), Santiago AbdalaHe said that “it is probable that the latest restrictions to operate with financial dollars have generated a greater expectation of scarcity and that this has caused a greater demand for blue dollars as a refuge.”
The specialist added that the acceleration of inflation also contributes to “people wanting to get rid of the pesos faster” and also imagines an upward dynamic in the future, the magnitude of which depends on how political and economic events develop, as the result of the legislative elections of November or the issuance of the Central Bank.
With the rebound on Wednesday, the price of the dollar in the parallel market accumulates an advance of $ 2 (1.1%) so far this month.
During September, the blue dollar registered a rise of $ 4.50 (+ 2.5%), after posting its lowest rise since March in August, climbing just $ 1 (+ 0.6%). After hitting a low of $ 139 in early April, the parallel dollar increased $ 9 in April (6.4%), $ 7 (4.7%) in May, $ 11 (7%) in June, and $ 12.50 (+ 7.4%) in July.
The nominal historical record of the blue dollar was recorded on October 23, 2020, when the price shot up to $ 195. That day the gap registered a record 150%. Meanwhile, the maximum level of the gap in 2021 was noted in January when it reached 94.8%.
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