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Illustration of rising US dollar exchange rate against Argentine peso at Banco Nación bank.
Image generated by AI

Official dollar nears $1,500 and hits highest value of the year

Reported by AI Image generated by AI

The official dollar closed on Wednesday, June 24 at $1,445 for purchase and $1,495 for sale at Banco Nación, up $5 from the previous close.

The blue dollar ended Friday, June 26 at $1,515 for sale, down 0.99%. The Central Bank bought USD 50 million and reserves rose USD 120 million.

Reported by AI

On Tuesday, June 23 the country risk rebounded to 433 points and the official and blue dollar reached their highest values since January. International stock markets fell and Argentine shares on Wall Street traded lower.

The dollar blue closed higher on Monday April 27, rising $10 in the week's first trading session. According to Perfil, it quoted at $1.410 for buying and $1.430 for selling. Other financial dollars also showed variations.

Reported by AI

The official dollar quoted at $1,420 for selling on Friday April 24, marking an increase from the previous week. The blue dollar also closed at $1,420, up $10. Financial dollars showed similar rises on a day of high trading volume.

Argentina's Central Bank of the Republic (BCRA) purchased US$48 million in foreign currency on March 27, raising year-to-date acquisitions since January to US$4.037 billion. Gross international reserves reached US$43.712 billion, up US$176 million from the previous day.

Reported by AI

Despite the ongoing war in West Asia battering global markets, gold prices in domestic and global markets are down around 27% from their January peak. Even after a nearly 2% rally over the last couple of days, high crude oil prices are fueling inflation fears, curbing safe-haven demand for gold. The US dollar has emerged as the preferred safe asset.

 

 

 

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