The US dollar jumped on Monday in banks and foreign exchange agencies for the sixth business session in a row, hitting its three-month high and after the currency had climbed 48 cents last Friday.
Today, the dollar rose 31 cents and was trading at 15.43 pesos in the retail market while in the wholesale segment, it surpassed the 15-peso barrier for the first time since March and closed at 15,32 pesos, 37 cents higher.
The so called “blue” dollar which trades in the informal market added 25 cents at 15.32 pesos in underground houses.
Local media reported today the agricultural sector liquidated more than 319.914 billion dollars last week from exports, which represents the lowest amount in the last three months.
Apart from domestic factors such as offer, demand and interest rates, analysts predict that the Brexit outcome last week could affect the exchange rate. Puente investment bank warned the exit of the United Kingdom from the European Union bloc could bring an additional pressure on the dollar, and a bigger volatility.”
Former Central Bank governor Mario Blejer said “if this tends to cause a more serious conflict, the international environment could become rarified, which is not positive for Argentina, which seeks to integrate to the international financial system.”