The blue dollarit was up $1 on Monday and closed at $470. In the official market, the currency ended the day with an appreciation of $2, at $236 for sale.
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The plant bought $7 million and concerns about net reserves remain high
The currency rush appears to be behind us, but the level of uncertainty remains high. Despite the battery of measures deployed over the last two weeks, the Central Bank has failed to buy dollars and net reserves, which are operating negatively, have reached, according to the calculations of some City advisers, their worst level since the exit of the Convertibility.
On the way, the blue dollar closed up $1 at $470 as the financial dollars held up. The eyes of the market are looking at the Central Bank’s reserves, amidst a climate of impatience with the failure to confirm higher disbursements by the Monetary Fund.
In this context, the Central Bank, which closed on Friday with gross reserves close to drilling for 34,000 million dollars, was only able to buy 7 million dollars on the foreign exchange market, thus extending a series of purchases that began on Friday. In total, the agency bought $9 million this month and is racking up $267 million in sales for its interventions in the “single and free” foreign exchange market alone. To know more.
With inflation on the rise and a shortage of dollars, Sergio Massa’s management was left without a GPS
“The plan to arrive has not arrived. Massa’s management has been left without a GPS”, says the consultant Abeceb, assessing the evolution of the economic crisis.
A report prepared by former minister Dante Sica’s team points out that “the dramatic inflationary acceleration of recent months and the escalation of free dollars have left the government in the worst of worlds”.
“Massa’s management has been left without GPS. Uncertainty has only increased since the beginning of the year and the fact that fuels it the most is that today the economy is in the hands of a politically weakened government that lacks a coherent strategy to cushion the effects of the drought”, they point out. To know more.
The blue dollar went up by 1 peso on Monday
the blue dollar closed this Monday at $470 on sale, advancing $1 on the previous day.
While, the officer was appreciated $2 during the day With a last rise of 0.50 dollars, the official dollar closed on Monday at 236 dollars in sales and 228 dollars in purchases, completing a rise of 2 dollars compared to the close of the previous day.
Source: Clarin
