Friday, March 24, 2023

The blue dollar fell $16 in one day: from the city they explain why and predict how it will behave this week

The blue dollar fell over the week, although the market still looks volatile. Reasons for the fall and what’s coming in the next few days

By Pilar Wolffelt

25/07/2022 – 19,38hs

The Blue Dollar Fell $16 In One Day: From The City They Explain Why And Predict How It Will Behave This Week

This Monday, the blue dollar market opened with a downside and fell from $16 to $317 for buy and $322 for sell. Although the price is still high, it is around . Is It fell significantly last week compared to $350, Obviously, the inevitable question at the moment is what made it fall after several days of strong volatility for the unofficial dollar, but the market also wants to know how it could develop in the days to come.

Blue Dollar And Meps Are Often Intermediaries.

Blue Dollar and MEPs are often intermediaries.

blue dollar, financier’s mirror

For economist Federico Glustein, The decline in blue coincides with the dynamic that was seen in the fiscal dollar this Monday. He points out that “blue correlates its price with the MEP dollar”, which opened at a week’s low and stood at $319.5, while cash with settlement, or CCL, traded at $332.1.

“Today’s opening The center of the MEP was $311, so the blue $338, a price that initially came to touch, was not going to last long. As this will promote the puree with a gain of about 10%”, describes Glustein on the dynamics of the blues to this day.

This indicates that, for this reason, it initially dropped to $25, but as the stock sank to the ground, the blue resurfaced and reversed the trend. However, it showed a decline of $16 in one day, indicating 5% dropShows how high the price was.

Meanwhile, in explaining why the fiscal dollar fell, Glostein explained measures taken last Thursday by the Central Bank Board, which limit seeder’s holdings for companies aimed at discouraging dollar demand CCL. , had the desired effect.

However, Matteo Reschini, an analyst at the consulting firm Inviu, points out that “CCL and MEP markets are still very volatile”, This can be seen in the fact that, although on this Monday they opened quieter than last week, they showed an increase throughout the day.

For Reschini, this is a sign that the market is continuing with a state of distrust regarding the dynamics of the macroeconomy in general and it seems to indicate that The market is waiting to see what might happen.

Analysts Believe That Blue Is More Associated With Meps.

Analysts believe that blue is more associated with MEPs.

Blue Dollar: What’s Coming This Week

Thus, although these days The blue has historically reached nominally high prices, it is not yet at its relative maximum, although yes it’s a high price, However, Grupo Broda economist Elena Alonso assured that it is expected and normal “when there are new announcements of sanctions, such as the one seen last week, to see alternative dollars jump.”

It responds to the warming of expectations in the largest markets for an alternative dollar to the official dollar, which is financial, and which mediates out-of-the-blue dynamics.

Meanwhile, for this week, Alonso explains that it has observed that “the market is adjusting to the gap between the formal and informal alternative exchange rates” and speculates that he expects, if not any, shocks. , so we can see a dollar market though cool Don’t think it’s $300. likely to be less than,

Nation World News Desk
Nation World News Desk
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