The free dollar fell $4 yesterday to close at $284 for sale. The exchange gap with the official dollar, which advanced to $148.23, was 91.6 percent. The cash-settled dollar, meanwhile, fell $1.98 (-0.6%) to $306.98 while the MEP dollar fell $4.51 (-1.5%) to $297.42.
The movement of financial dollars had to do with a day of strong rises for the Brazilian real and Brazil’s financial assets following a better-than-expected result for President Jair Bolsonaro in the first presidential round last Sunday. With that boost, Argentine stocks listed on Wall Street and sovereign bonds climbed as much as 10%. Petrobras stock soared more than 12% on the day.
In the formal market, in what was the first day without a “soybean” dollar, the Central Bank bought USD 45 million for remnants of foreign currency liquidation from exporters who took advantage of the differential exchange rate in the last days of last week.
