MEP dollar extends rebound and exceeds $1,280, but is on track to record its second consecutive weekly decline

MEP dollar extends rebound and exceeds ,280, but is on track to record its second consecutive weekly decline

August 16, 2024 – 12:12

Financial dollars are up for the second day in a row, after accumulating several days of decline. Gaps are consolidated above 35%.

Depositphotos

The financial dollars extend their rebound this Friday, August 16. Even so, they are on track to record their second consecutive weekly decline.

The dollar MEP climbs $4.84 (+0.4%) to end at $1,281.05, while the CCL increases $3.89 (+0.3%) to $1,279.73. With these variations, The gap between the stock market and official exchange rates rises to 35.6%.

“We believe that there is a lot carry trade closure at the levels of $1,260/$1,270, which have already been the bottom three times,” said a market source.

Previously, The quotes had accumulated losses of close to $80 in a weekdue to a combination of factors that included the appreciation of regional currencies, the inflow of foreign currency from money laundering and the intervention of the BCRA to reduce the gap.

News in development.-

Source: Ambito

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Posts