The blue dollar fails to make a bottom and the gap is already at its lowest level in the Javier Milei era

The blue dollar fails to make a bottom and the gap is already at its lowest level in the Javier Milei era

He blue dollar fell and closed at $1,090 for purchase now $1,120 for saleaccording to a survey of Scope in the caves of the city. Thus, the informal currency reaches the same value that it had on May 17 of this year, when an exchange rate began after the Government’s decision to cut interest rates more than expected, making investments in pesos less attractive.

The informal ticket fell $15 on the day and sold at $1,120. This exchange rate has accumulated a drop of $70 so far this week. Consequently, The spread with the wholesaler was 12.6%, the lowest since 2019. The gap with the MEP was 1.4%.

He blue dollar has accompanied the resumption of the decline in financial dollarshand in hand with the positive evolution of reserves, the disinflation process and the expectation of a possible agreement with the International Monetary Fund that would add fresh funds,” analyzed the economist Gustavo Ber.

For its part, Gustavo Quintana of PR Exchange Operators He noted that in his opinion “it would seem, the adjustment was important and it is likely that it has hit a floor.”

In October, the blue dollar fell $45 (-3.6%), while in September it fell $70 (-5.4%) and in August it lost $65 (-4.7%). In this way, it closed for the third consecutive month from an excess supply of foreign currency as a consequence of the money launderingwhich this Thursday was extended until November 8.

The market expectation is that it will continue to decline. “With inflation falling, monetary aggregates contained, demand for firm money and positive rates, I don’t see blue tightening the gap,” he told Scope In this regard, the analyst Andrés Reschiniof F2 Financial Solutions.

How much is the official dollar trading at today, Thursday, November 7

In the official exchange market, the wholesale dollar rose 50 cents to $965 per unit, after the bank holiday.

How much does the MEP dollar trade at today, Thursday, November 7

He MEP dollar quotes to $1,136.13 Therefore, the gap with the official figure is 14.2%.

Value of the CCL dollar today, Thursday, November 7

He dollar Cash with Settlement (CCL) is located in $1,163.02 and the spread with the officer he positions himself in the 16.9%.

Price of the card dollar today, Thursday, November 7

He dollar card or touristand the dollar savings (either solidary) offered to $1,623.20.

Quote of the crypto dollar today, Thursday, November 7

He crypto dollar or Bitcoin dollar quotes at $1,162.13, according to Bitso.

Source: Ambito

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