With the Dollar Above $1,500, They Ensure that BCRA Intervenes in the Market to Avoid Escalation
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Canal C Dollar on the rise, BCRA reform and market tension In his column for Canal C, journalist Walter Giannoni analyzed the day of markets, business and politics, marked by ups of the dollar, fiscal adjustment signs and new announcements from the national government. In the financial sphere, Giannoni stressed that “despite the cold wave, the dollar is still warm”, with the official dollar in the National Bank exceeding $1,500, which meant an i…
The Central Bank of the Argentine Republic (BCRA) began to intervene actively in the financial market to put a stop to the escalation of the dollar, which consolidated its value above the $1,500 barrier. To achieve this, the monetary authority chose not to sell foreign currency directly in the spot market, but rather...
The first wheel of July left a climate of greater caution in the Argentine financial markets.The shares went back both in the Buenos Aires Stock Exchange and in Wall Street, while the official dollar extended the upward trend that it showed during June and again stood above the $1,500.The movement coincided with a greater demand for foreign exchange and with a strategy of the Central Bank (BCRA) aimed at containing exchange volatility without di…
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