Banking What is going on with the Blue dollar? Why is it going down?

[Robert07]

Yes, it’s definitely a double-edged sword. On one hand, a stronger dollar can be good news for anyone who has savings in foreign currency or for tourists who want to visit, it suddenly makes the city feel “cheap” again compared to just a few months ago. That usually brings a boost to tourism, rentals, and some parts of the economy.

But on the other hand, for locals who earn in pesos, it’s tough. Prices often adjust quickly to the new exchange rate, while salaries don’t, which makes the cost of living even harder to keep up with. We’ve seen this cycle repeat many times, and while it may benefit foreigners in the short term, it also deepens inequality locally.

Hopefully, at some point there’s a more stable balance, where the economy is attractive for visitors but also fair and sustainable for the people who live here year-round.

 

[lemonade]

Looks like Argentina is losing the battle on the currency. Sinking fast before the elections.

Milei pulls out all stops in defence of fragile peso

After burning through billions of dollars in reserves, Argentina’s government is getting creative and finding new alternatives to defend the peso.

www.batimes.com.ar

 

[Finance Prof]

USA confirms they bought pesos today and the rate is dropping like a rock.

 

[Ron]

The dollar is back on the rise! After several days of going down, it finally climbed today, surpassing 1,400 ARS at Banco Nación. All this happened on a pretty volatile day, even though Scott Bessent confirmed that the U.S. sold dollars in the local market again.
Who else was following the daily drop and got surprised by today’s jump? 🤯💸

El dólar volvió a subir y superó los $1.400 en el Banco Nación pese a nuevas ventas del Tesoro de EEUU

El mercado cambiario cerró al alza en una jornada volátil y luego de que Scott Bessent confirmara que Estados Unidos compró nuevamente pesos en el mercado local este miércoles.

www.ambito.com

 

[Pink Panther]

The dollar is back on the rise! After several days of going down, it finally climbed today, surpassing 1,400 ARS at Banco Nación. All this happened on a pretty volatile day, even though Scott Bessent confirmed that the U.S. sold dollars in the local market again.
Who else was following the daily drop and got surprised by today’s jump? 🤯💸

El dólar volvió a subir y superó los $1.400 en el Banco Nación pese a nuevas ventas del Tesoro de EEUU

El mercado cambiario cerró al alza en una jornada volátil y luego de que Scott Bessent confirmara que Estados Unidos compró nuevamente pesos en el mercado local este miércoles.

www.ambito.com

Crazy to think the blue dollar went up even though Bessent said he would double the support. Everyone knows a devaluation is probably coming. That is all everyone is saying after the elections. No one knows for sure but I read some investment bank said if the election doesn't go good it could go to 2000 to $1 but I am not sure if the USA keeps buying pesos. I am not actually sure they bought so much. I think Trump was trying to scare people but locals don't trust politicians. They only trust the almighty dollar.