Hours before the opening of the markets, the Minister of Economy, Sergio Massa, announced through a short recorded video the decision to repurchase bonds for more than US$ 1,000 million, an operation that begins today. The reactions of the markets were not long in coming.
In addition to the strong rises registered in the prices of Argentine bonds in dollars, the effects of the government announcement are also felt in the exchange market.
At the opening of the day this Wednesday, January 18, The blue dollar registers a drop of $3 in its price with respect to the previous closing. This is the most important daily drop so far in 2023.
- $375
- It is the price of the blue dollar this Wednesday, January 18.
This way, the North American currency is sold for $375 in the caves of the City of Buenos Airesafter having reached a new nominal record on Tuesday, January 17, amid high volatility.
However, the gap with the wholesale exchange rate (regulated by the Central Bank) remains above the symbolic 100%. The blue dollar remains below the Qatar dollar (379 pesos), which according to market operators should be the true value of the blue.
According to operators, the escalation of the blue responds to the increase in demand for tourismbut also as a hedge, in a context of liquidity in pesos that accentuates this trend.
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