The informal comes from registering its fourth consecutive weekly rise and last Thursday it touched the unpublished $ 200 on the intraday.
Previously, in October it had accumulated an increase of $ 11.50 (+ 6.2%) due to high inflation, exchange controls, fiscal deficit and firm country risk, which fueled devaluation expectations and put pressure on the currency, which tends to have abrupt jumps with just a few operations.
The director of the Center for Studies for the New Economy (CENE), Victor Cup, stated that “there is no economic basis” that explains the increase in the price of the dollar.
Beker pointed out that this is a “political price” due to electoral uncertainty and that a 180-degree change in expectations is required for the currency to be lowered.
Anyway, so far in 2021 the parallel accumulates an appreciation of $ 33 (close to 20%), well below the accumulated inflation of 2021, close to 40%.
Christian Buteler, a financial analyst, opined that the rise in recent weeks makes sense since the blue was lagging behind the other parallel exchange rates (such as the “free” CCL and MEP) and argued that it responded more to a contraction in supply than an acceleration in demand.
“As long as they do not manage to control inflation and lower the emission, obviously the blue trend is upwards. We are in Argentina and if there is something that is certain is to bet on the dollar. Two weeks ago it was $ 185, you can accommodate $ 15 above but $ 25 is not. I see, you are going to rest a little, “he said.
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, $ 1 (+ 0.6%) in August and $ 4.50 (+ 2.5%) in September.
Source From: Ambito
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