On the eve of the runoff: The blue dollar approaches $1000 again

The dollar deepens the upward trend in the informal market in one of the last rounds before next Sunday’s runoff. This morning, the note is back at $1,000 in the parallel market after several days around – and even below – $900, after the peak in October. On the economic front, on Wednesday morning, the official dollar resumed the regime of daily devaluations, called “crawling peg” in economic and financial jargon, and rose $3 (0.82%) to $353.As the flip side of the scenario posed by the rise of the blue dollar in the run-up to Sunday’s decisive election, In the economic area led by Sergio Massa, candidate for president of the ruling party, yesterday they celebrated the 8.3% inflation in October, a significant drop compared to the 12.7% in September. The dollar traded this noon at $350.50 for purchase and $368.50 for sale at Banco Nación, while in the stock market the dollar counted with settlement (CCL) rose 0.6% and was traded at $881.04.For its part, the MEP dollar or Stock Exchange rose 1.6% and was trading at $881.98. Argentina’s country risk stood at 2,497 basis points, according to the index prepared by JP Morgan.

Original source in Spanish