In a tense week, with devaluation rumors triggering prices, the blue dollar surged $42 and closed Friday at a $442 sell, a more than 10% advance that placed it at an all-time high.
New in development
A rush to the dollar accelerated by the government crisis and by inflation
When Alberto Fernández’s decision to reject his re-election bid was released on Friday, Argentine bonds abroad had an initial 3.5% jump overseas. What did the market read?
That this decision opens the way for Minister Sergio Massa to launch his presidential candidacy? Or perhaps that the collapse of bonds is historic to the point that they yield up to 50% in dollars due to the maintenance of a default price. read more here
Blue finished the week at $442
The blue dollar was up $10 on Friday and finished the week at $442 selling, marking an all-time high amid uncertainty and pending official economic announcements.
Source: Clarin
