The blue dollar is trading lower, but will still end up in May

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The blue dollar is trading lower, but will still end up in May

The blue dollar falls. Photo. EFE / Mauricio Duenas Castañeda

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The blue dollar loses weight in the day’s development and is sold to $ 206 in the port city. In this way, the gap with the wholesaler, which is reached at $ 120.01 per sale, it stood at 71.43%.

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For its part, the retail dollar was trading at noon $ 125 on sale, while the Cash With Liquidation (CCL) dollar is indicated on the stock exchange. $ 211.99.

For its part, the Euro MP or Bolsa dollar is trading slightly lower, a $ 208.67 on sale. Meanwhile, the Argentine country risk rises by 0.6% to 1921 points basic, according to the index prepared by JP Morgan.

In the fifth month of the year, the price of the blue dollar hit $ 208, a value at which it had closed in 2021, although it subsequently dropped.

The blue dollar rose by just 50 cents (0.25%) from late April, but it hit lows of $ 195 and highs of $ 212.50 in a month of volatile exchange rates.

In May, the change was less pronounced: it started the month at $ 201 and is expected to end at $ 206, which marks a 2.5% rise, below expected inflation – around 5% -.

In any case, blue was the alternative dollar that rose the most over the month, as MEP and cash with cash rose barely 0.8 and 1.9% respectively.

The dollar that grew the most was the official one: up 4.2% at the wholesale level and 4.6% in the retail segment.

While both the free and financial exchange rates ended up rising from the previous Friday’s close last week, if the camera gets smaller and you look at the film for the past five months, the value of the US bill hasn’t shown much change.

In the year the blue is stable, since it started at $ 206. So far in 2022, cash with liqui has risen by 4.5%, the MEP has moved by 5.3% and the official one by 17%. In the first five months of the year, inflation is estimated to be close to 29%.

Analysts believe this virtual blue freeze is due in addition to the aid due to the appreciation of currencies of neighboring countries, having concluded an agreement with the International Monetary Fund by the end of the first quarter of the year served as an anchor for expectations on the foreign exchange market. Now, with the goals agreed with the agency in doubt, they hope the political and economic noise will be transferred to the foreign exchange market.

On Friday, blue closed around $ 206.5, up $ 2.5 for the week. However, this price is lower than what the ticket had in the informal market on January 1st of this year. It is much further away from its nominal record of $ 223 reached towards the end of the same month, when the possibility of a default with the IMF was latent in the market.

Source: Clarin

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