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April 19, 2023
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The dollar breaks the barrier of 4,500 pesos and continues long

The dollar breaks the barrier of 4,500 pesos and continues long

The dollar confirms it: its days of losses and going down are already part of the past, at least for now. This Wednesday, April 19, He broke the barrier of 4,500 pesos and continued long.

(See: In the midst of the airline crisis, how much would travel insurance help?).

The currency opened at 4,525.50 and so far this day it has not traded at less than 4,500 pesos: its minimum price, for now, is 4,522 pesos.

It has also recorded values ​​like 4,538.48, 4,542.90 and 4,552 pesos.

(See: Pension reform: experts believe that it would threaten national savings).

At 9:10 am, its average trading price was 4,539.15 pesos, 66.08 pesos more than the Representative Market Rate (TRM) of the day, which is 4,539.15 pesos.

After several weeks down and after losing 145 pesos between April 10 and 14, the US currency inverted the curve and is now registering increases.

(See: Buy or sell dollars, what is recommended at this time?).

According to experts, the minimum value that the dollar could reach would be 4,200 pesos, but they also said that a rebound effect would be generated and the dollar would rise again.

Some factors that would reverse the upward price curve, in the short term, are associated with macroeconomic scenarios, uncertainty in internal political measures that would generate a country risk and external situations, as new measures of the Fed or bearish values ​​in ‘commodities’ (oil).

(See: The initiative for open finance in the country is ready: this is how it would be).

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