the blue dollar recorded this Wednesday an increase of 2 pesos and was located in 210 Argentine pesos for the purchase and 213 pesos for the sale. In this way, it continues with the upward trend to overcome all previous marks and reach a new historical maximum.
With this advance,The parallel price continues to widen the gap with respect to the official exchange rate, now showing a difference of more than 104% compared to the wholesaler and around 94% compared to the retail average.
In this regard, analysts mainly point to the strong monetary issue that the Central Bank (BCRA) has been carrying out in recent months, added to the changes in the seasonal demand for money and the bad expectations regarding the negotiations with the International Monetary Fund (IMF). ).
On the official side, the retailer advanced to 109.66 pesos in the average of financial entities surveyed by the Central Bank of Argentina (BCRA), while the wholesaler closed the day at 104.24 pesos, marking an increase of seven cents compared to at the close of the previous day.
Looking ahead, analysts point out that the dynamics of parallel dollars will depend on several elements. Mainly, dand what ends up happening with the negotiation with the International Monetary Fund (IMF) and the economic measures that the government carries out based on an eventual agreement with the agency.
In this sense, the economist Jorge Neyro commented that if there is good news in relation to the agreement with the Fund, it will be possible to see that the pressure on the parallel yields. But, otherwise, and in the face of greater uncertainty, an acceleration in prices could be seen.
Source: The Chronicler-Ripe
