Coup of the dollar, which approached 40 pesos



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The dollar has traded today with a strong uptrend and closed its listing at $ 38.03 for the buy and $ 39.72 for the sale, which during the last two days of operation increased by more than $ 2.50 and added the fifth consecutive increase. On average, the ticket closed below 40 USD, but many banks have proposed late in 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. "The disarmament of the peso positions, the principle of compensation for operations that expire Thursday, among other factors, have justified the significant jump in the exchange rate," said the currency changer Gustavo Quintana.

You can read: The dollar had four consecutive gains over the last week

He added that "since the end of September and the beginning of October, the wholesale market exchange rate has not fluctuated above 39 dollars" and baderted that " the strength of the demand and the lack of supply combined to create the conditions for another significant increase in the exchange rate ".

As for the wholesale dollar, he estimated that "after opening at $ 37.40 and after reaching the minimums at $ 37.25, the demand sparked a new rally that allowed us to Reach $ 38.10 highs with a lot of volatility ".

Argentine News

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