The dollar jumped and hit the $ 40 | Chronic

The dollar closed Monday at $ 1.50 and sold $ 37.97 for the purchase and sometimes exceeded $ 40 due to high demand and insufficient supply.

In these figures, the day's advance was 3.82% and 8.12% compared to Friday's closing on Friday 2, when the US currency began to recover.

At the wholesale level, it recorded a 3.85% increase over Friday and ended at $ 39.05.

Turnover exceeded 723 million US dollars; while in the MAE futures market, $ 249 million was mobilized.

"Since late September and early October, the wholesale exchange rate has not exceeded 39 USD per unit"said the badyst Gustavo Quintana, which ensured that the progression of this day was due to "the strength of the demand and the insufficiency of supply that, together, have generated the conditions for another significant increase in the rate currency exchange.
The details

The market specialist of Puente, Rafael Zaffiro, attributed the rise in the dollar to an overall strengthening of the US dollar, especially against emerging currencies, and not to an internal factor of Argentina.

Zaffiro explained that the dollar's rise was occurring "in a normal volume of operations"and in a context where "Emerging currencies depreciate relative to" to the currency of the United States.

For Zaffiro, "These are emerging and emerging flows that are moving into the US equity and bond markets".

Therefore, he noticed that "There is a dollar appreciation against all currencies and this is not an internal problem in Argentina".