The dollar has made another big leap forward and already goes to $ 40

The dollar took another leap forward and was poised to break the $ 40 barrier for the first time since the launch of the Central Bank's ambitious monetary plan.

The bullish rally that began last week overheated the currency during today 's trading session: the greenback rose $ 1.47 from Friday' s close and was the largest currency in the world. is completed at $ 38.03 for the purchase and at $ 39.97 for sale in the retail market.

In just five hours of operation, the dollar rose $ 3.81, surpbaded the $ 39 barrier, and was three cents higher than October 1, when BCRA President Guido Sandleris took office the strategy of drying up the peso and reducing the demand for US money.

In the wholesale market, where banks and large corporations operate, the bill advanced $ 1.45 and ended up at $ 39.05 for the sale. "The strength of demand and the lack of supply have combined to create the conditions for a further significant increase in the exchange rate," said foreign exchange operator Gustavo Quintana. .

With the rise of today, the dollar was in the middle of the intervention band that established the monetary power to intervene in the market, whether to buy when the currency was reaching $ 34.02, or to sell reserves when it exceeded $ 45. 32. These levels are adjusted daily at a rate of 3% per month.

Last week, the North American currency began the upward movement and consolidated it last Friday by recording the largest daily advance since Sandleris' arrival at the BCRA at the end of September, replacing Luis Caputo: She earned 1.07 USD and the total was 38 USD. , 5 on the retail screens.

For Quintana, what has happened in recent hours is the "disarmament of positions in pesos" and the "principle of clearing operations that end Thursday". Local peculiarities are linked to the international context, where the dollar continues to strengthen.