The dollar price in Argentina for today Friday, April 12, 2019 Exchange rate | Argentine peso | BCRA | Argentina | Economy | Markets


The exchange rate v Argentina on Friday, supported by a liquidation wave dollars from the export sector, which caused significant weekly currency losses, galloping inflation and investment insecurity, which keeps the state at the highest levels of the year.

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Operators said that attractive interest rates were confirmed by the Central Bank of Argentina tBCRA) encourages the slow disarmament of dollarized positions, due to mistrust that contributes to recession and political uncertainty ahead of the presidential election in October.

The dollar the wholesaler or interbank ended with a 1.30% fall to 42.20 Argentine pesos per green ticket, the highest three-week period, which totaled 4.19% over the five working days.

Meanwhile, the dollar in the informal circle fell by 0.48% to 43.50 units.

"Not only the dollars from the field are coming, but also investors and banks are lowering positions and investors (…) to put them in other assets with higher yields in pesos, in front of a clearly more secure economic scenario," Fernando said. Izzo, an analyst at ABC Mercado de Cambios.

The country's benchmark, prepared by JP.Morgan, brought six units to 808 basis points (2005 GMT) after reaching 835 points on Wednesday, the highest since the end of 2018.

Source: Reuters


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