US EditionArgentina’s Peso Holds The Line As Politics, Copper Bets, And Quiet Intervention Collide
13 Articles
13 Articles
Argentina’s Peso Holds The Line As Politics, Copper Bets, And Quiet Intervention Collide
Argentina woke to rare calm on Thursday. The peso opened close to Wednesday’s finish, with officials widely seen selling dollars around 1,425 in the wholesale market to cap swings. On retail boards the official dollar sat near 1,400/1,450, while the street-traded blue hovered around 1,440/1,460—an unusually tight 1–2% gap that signals a market being carefully […]
In the midst of strong exchange-rate tension, the Treasury sold nearly $500 million this Wednesday to try to stop the escalation of the wholesale dollar, which rose $43 compared to Tuesday and closed to $1,423. Along the same line the retailer, who climbed $50 and placed it at $1,450. While no official movement was reported, different economists pointed out that there was an intervention by the entity with the aim of alleviating the pressure on …
With a 3.57% increase, the dollar reaches 1,450 pesos; an economist calls the Argentine government's strategy "suicidal." The post "Dollar Soars and Argentina Tightens Exchange Control" appeared first on Monitor Mercantil.
The US currency does not stop its advance and the market is covered against a devaluation. The gap between the wholesale dollar and the CCL stands at around 10%. This Wednesday the Milei government intervened strongly with offers at $1,425 in the wholesale market. Under a context of high financial tension, on the way to the legislative elections of October 26, the official dollar rose again strong this Wednesday, despite important sales of the C…
The price of the dollar rises sharply on Wednesday, October 1, in a turbulent market after the return of a cepo to the dollar. In this context, the official dollar amounts to $ 75 and quoted to $ 1,450 for sale and $ 1,400 for purchase at the Banco Nación. Meanwhile, the blue dollar rises $ 15 to $ 1,460 for sale and $ 1,440 for purchase. Meanwhile, virtual caves and crypto exchanges operate prices that today are above the previous quotes. On on…
The official dollar closed this Tuesday at $1,400 for the purchase and $1,450 for the sale in the listing of Banco Nación, a raise of $50 (3.6%) compared to the closing of the previous day. In banks, the average official exchange rate was $1,455.00 for the sale. The highest quote was reached at $1,470. The blue dollar quoted at $1,445 for the purchase and $1,465 for the sale, with a rise of 1.4% for the day. In the rosary square it was negotiate…
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