Official Dollar Advances: with the Largest Rise in 3 Weeks, It Was for the First Time Above the Blue

It reached 1,200 pesos (with a $45 raise in the week), while the Blue is trading at $1,170. Details. Read more

The wholesale dollar shot 2% to $183, which caused the currency in the banks to rise 2% to an average of $ 1200, but in some large entities it closed to $ 1225, while the Nation raised it to $ 1195. Hence the confusion: because many put the official dollar the quote of the BNA, but in the average that the Central made between banks gave $ 1200. Also 1.3% was the increase of the MEP to $ 1180, while that counted with liquidation increased 1.5% to…

The market suggested Tuesday that given the high volume of operations in futures the Central Bank (BCRA) intervened to calm the bullish dynamics and thus prevent further advance of the official exchange rate.