Dollar today: the currency rises 80 cents after the "black Thursday" for Argentina on Wall Street

The dollar begins another week torn between political uncertainty and the negative impact of the latest economic measures taken by investors and the expected supply of foreign exchange by the agro-export sector to supplement the Treasury's daily sales.

Thursday, day without local market operations, Argentine shares fell to 8% on Wall Street and the country risk reached 854 points, the highest value since 2014. A series of investigations that have marked the Government Election Weakness and The Negative Market Impacts of Price Controls and the Curbing of Subsidies – At a Time When the Executive Must Preserve Fiscal Balance – Explain Disarmament investor positions.

In Monday's early trading, the wholesale dollar rose 50 cents to $ 42.40. Then he climbed $ 42.65.

As a result, the dollar has risen to $ 43.70 at the Banco Nación at 10:30.

Country risk continued to rise and reached 858 points.

On Wednesday, the last trading day, the currency closed around $ 43 to banks, two pesos less than the record reached at the end of March. The foreign exchange liquidation of the agro-export sector and the sale of 60 million USD per day by the Central Bank in two tranches per day on behalf of the Treasury then began, as agreed with the IMF.

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