MEP and CCL dollars rise for the third consecutive day and again exceed $1,300

MEP and CCL dollars rise for the third consecutive day and again exceed ,300

August 19, 2024 – 12:05

The gap between the financial dollar and the official dollar is close to 40%, a figure it has not exceeded since August 8.

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The financial dollars rise for the third consecutive day this Monday, August 19. The quotes are once again above $1,300 and the gap with the official rate is close to 40%.

The dollar MEP climbs $6.55 (+0.5%) to reach the $1,301.85, while the CCL increases $9.01 (+0.7%) to $1,301.12. With these variations, The spread between the stock market and official exchange rates rises to 37.8%.

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

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

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