The blue dollar rises by 6 pesos in two days and reaches 312 dollars

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The blue dollar maintained its uptrend on Wednesday and gained another four pesos. Like this, It is already trading at $312, an increase of six pesos in just two days.

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With these prices blue returns to the levels of the end of July, before the arrival of Sergio Massa at the Ministry of Economy. Earlier that month, casual hit $350 for a few hours and dropped from there to $272 on Sept. 12, its lowest price in months.

The blue dollar started to rise again two weeks ago, as the summer of exchange rates that had prevailed for three months ended. It rose again as it had lagged inflation and as savers began to unwind the carry trade they had been in since the central bank started raising rates.

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That peso bet in the midst of dollar stability has cooled off and this leads to a wallet dollarizationwhich results in increases in alternative dollars.

The deputy dollar climbs this wheel by 0.4%, a $314, while cash with liquidity drops by 1.5%, $325.8.

The Central Bank closed another day with a positive net result, with the purchase of $3 million. Even so, so far in November it is $950 million down.

Today’s purchases from the plant were made possible thanks to a greater offer from exporters. Operator Gustavo Quintana underlined that “tomorrow’s holiday in the United States (Thanksgiving Day) expects a low level of local activity and could have justified today’s greater presence of the export offer“.


Source: Clarin

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