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April 14, 2023
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Dollar blue reaches the barrier of A$ 400 in Argentina; in Uruguay the currency remains stable

Dollar braked: the slow rise and fall that does not finish convincing anyone

He Dolar blue It reached a new barrier this Wednesday and is moving away from the official change. In Uruguay, the US currency continues below $39 and with few daily variations, while in Brazil it is close to 5 reais.

At the local level, the dollar traded at $38,749 in the interbank averagewith an increase of 0.27% compared to its previous price, as reported by the Electronic Stock Market (Bevsa).

The operations were for US$ 13 million, with a minimum price of $38.70 and a maximum of $38.80. The day passed without interventions from the central bank (BCU) in the exchange market. The last time the monetary authority did it was on August 31, 2021 with spot operations.

on the blackboard of Republic Bank (BROU), the coin traded at $37.60 for sale and $40 for sale.

So far this year, the dollar has depreciated 3.56%, equivalent to $1.43. The bill ended 2022 at $40,071 with a year-on-year drop of 10.3% and so far in 2023 it has never traded above $40.

Argentina

The alternative prices of the dollar advanced and the attention this Thursday focused on the informal market. He price of the blue dollar reached the psychological barrier of A$ 400 for sale, which represented an all-time high in nominal terms.

The official dollar was quoted at A$ 212 for the purchase and A$ 220.75 for the sale in the National Bank. The wholesale dollar ended at A$ 213.84 for the purchase and A$ 214.24 for the sale.

After the rise of the blue, the exchange rate gap stood at 82% against the retail dollar and 87% against the wholesale dollar.

What was the reason for the rise of the American cutie in the informal market?

The analyst Christian Buteler maintained that the rises in the bill are mainly linked to the general rise in prices in the economy. In this sense, he stressed that tomorrow INDEC will release the Consumer Price Index for March, with which the first quarter will close with a rise of between 20% and 21%.

“There is a bit of concern and nervousness in the market due to the sharp slowdown in currency settlements in the exchange market through the new ‘agricultural dollar’. Although today it is a little more dynamic than yesterday’s wheel, there are still many doubts about the performance it will have,” added Salvador Vitelli, an analyst at Romano Group.

In Brazil

In the Brazilian exchange market, the dollar traded at 4.928 reais, with a daily rise of 0.20%.

In the last 30 days, the currency traded with a value close to 5 reais.

With information from The Chronicler

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