The Wholesale Dollar Opened the Week over the $1500 Barrier
4 Articles
4 Articles
With official endorsement, the U.S. currency broke the roof imposed on it by the government almost a month ago and closed to $1510 for sale
With the interest rate yielding positions after the peaks close to 30% a year last week, the demand for dollars in the exchange-free market overflowed the supply and broke the $1,500 ceiling that the government had been defending, although there was a presumed intervention by the BCRA in hedges via linked dollar bonds and a lesser foreign exchange purchase, of "only" USD11 M. The pressure on the dollar, which brought the quote to $1,510, was obs…
The markets were shaken today by several new developments. Most importantly, the government let the wholesale dollar exceed $ 1500, and that accentuated the rise of all the dollars. BCRA put a cap on the rate that non-bank cards can charge. Outside, Bessent warned that it has $1 B ready to intervene and lower the long rates of the US and barely moved them. Companies are going to issue many shares. Wall Street closed mixed. But local titles again…
The dollar opened the week in rise in all segments, product of some signals that fired the Central Bank and, in that framework, the wholesaler rose $11, thus reaching the $1,510, a nominal maximum for this quote. Likewise, the official dollar at the Banco Nación quoted $1,480 for the purchase and $1,530 for the sale, with an increase of $5 relative to the start of the day. Meanwhile, the blue closed to $1,545 and $1,565 for the purchase and sale…
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