After announcing the buyback of a billion dollars of external debt to try to calm the markets, the government is closely following the price of the blue dollar, which hit a new record on Tuesday and is trading at 378 dollars.
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New record for the blue dollar: it jumped by eight pesos and reached 378 dollars
The blue dollar’s rise remains stable. It climbed eight pesos on Tuesday and closed at $378, a new nominal high for the casual price. On a hot day even for the exchange rate, the Central Bank halted its buying spree and sold $23 million. It’s the first time this year that the monetary authority has come out to sell.
So far in January, the blue has already racked up a 32-peso hike, or an 8% increase, making it the fastest-rising dollar across the entire range of exchange rates in Argentina. Read more here.
Source: Clarin
Charles Arterburn is a seasoned business journalist for News Rebeat, where he provides comprehensive coverage of the latest trends and developments in the world of finance and economics.
