The Dollar Went Down Again and Fell Below $1,510 After Wednesday’s Jump
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The wholesale dollar won $4.50 (0.3%) this Friday and closed at $1,514.50, a maximum that was not seen since August 26. The rise came one day after the currency was back $3.5 on Thursday's wheel, up to $1,510. The amount operated in the cash segment reached USD 607.5 million, a high level for September's seasonality. The Central Bank set the exchange rate band ceiling at $1,903.51, so the wholesaler closed to 25.7% of that float limit.A week of …
The wholesale currency receded after registering its biggest increase in September. The exchange rate continues far from the ceiling of the exchange rate band, while the Central Bank slows the rate of purchase of reserves.
The wholesaler operated at $1,510 after bouncing $7 to $1,513.50 on the previous day. Despite this, it remains more than 25% below the band’s roof.
The wholesale quote drops to $1,511 after the strong rebound on Wednesday and stays away from the roof of the exchange rate band. In parallel, the Argentine shares advance on Wall Street, the bonds in dollars rise to 0.3% and the country risk is located at 509 points. Read more
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