Dollar soaring and approaching 40 pesos

On average, the ticket closed below $ 40, but many banks offered it at the end of the day above this value, as in the case of Galicia, Francés, HSCB and Itaú.

The volume of transactions in the cash sector exceeded $ 723.6 million and that of futures in the open electronic market was $ 249 million.

"Disarming positions in pesos, the principle of compensation for operations that expire Thursday, among other factors, justified the significant jump in the exchange rate", considered the money changer Gustavo Quintana.

He added that "Since late September and early October, the wholesale exchange rate has not fluctuated above $ 39" and he argued that "The strength of demand and the lack of supply have combined to create the conditions for a further significant increase in the exchange rate."

With regard to the wholesale dollar, he felt that "After opening at $ 37.40 and touching the minimums at $ 37.25, the demand spawned a new rally that made us reach $ 38.10 highs with a lot of volatility".

Source: NA News Agency