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Latest Dollar Rates: Official Quote and Parallel Market Prices Updated, Minute by Minute, on May 9
Hey there, I'm Guillermo Feres Castillo, and today I'll be updating you on all things dollar in Argentina. Let's dive right in!
The official dollar climbs today, trading at $1.150 for sale at Banco Nación (BNA). Meanwhile, the blue dollar gains, reaching $1.175.
Government eyes new strategy to capture dollars
As the dollar remains far from the exchange rate floor and significant dollar debt payments loom, the government is considering a fresh approach to secure dollars. This strategy involves issuing "pesos against dollar bonds" or "dollar against dollar bonds," a move aimed at foreign funds and banks. While no official announcement has been made, this tactic could potentially help the government boost reserves without waiting for the exchange rate to reach $1,000.
Stocks surge on Wall Street amid global stability
In a climate of improved global stability, Argentine stocks trading on Wall Street rose more than 5%, while dollar bonds edged slightly higher. The uptick can be linked to U.S. President Trump suggesting that "many trade deals" are close and showcasing support for reducing tariffs on China before the weekend meetings.
The official dollar ends the day with another gain
The currency rose again at the end of the session, closing with a 10-peso increase, trading at $1.150 for sale and $1.110 for purchase on the official board.
Argentine stocks rise significantly on Wall Street
In a positive market environment, Argentine stocks trading on Wall Street saw a significant increase of over 7%. As global stability improves, dollar bonds experienced a modest rise.
The official dollar climbs this afternoon
The currency gained 10 pesos this afternoon, trading at $1.140 for sale and $1.090 for purchase on the official board.
Dollar card: today's price
The "dollar card" remains stable today, trading at $1,469.
Gold: today's price
Gold prices rose by 1.24% today, with a selling price of USD 3,345.70 per troy ounce.
Dollar Contado con Liqui (CCL): today's price
The Dollar Contado con Liquidación (CCL) increased by 1.1% today, trading at $1,143.10 for sale.
Dollar MEP: today's price
The so-called "Dollar MEP" or "Dollar Stock Exchange" appreciated by 0.82% today and can be purchased for $1,132.70.
Oil: today's price
Oil WTI increased by 1.3% today, trading at USD 60.68 per barrel. Meanwhile, Brent crude, extracted from the North Sea, appreciated by 1.24% and is traded at USD 63.62 per barrel.
Blue Dollar: strong rise in the parallel currency in the markets of Buenos Aires
The blue dollar rose $10 today, trading at $1,175 for sale in the markets of Buenos Aires.
Official dollar: today's price at Banco Nación
The official dollar opened today unchanged, with a purchase price of $1080 and a sale price of $1,130 on Banco Nación's boards.
Global Stock Exchanges: today's performance
- Madrid Stock Exchange: Operates today with a gain of 0.59%, standing at 13,555.53 points.
- Paris Stock Exchange: Up 0.78%, reaching 7,755.67 units.
- Frankfurt Stock Exchange: Up 0.67%, at 23,506.90 points.
- London Stock Exchange: Trading with a slight increase of 0.27%, at 8,555.07 units.
- Tokyo Stock Exchange: Closed the week with a 1.56% increase, reaching 37,503.33 points.
Crypto Dollar: today's price
The crypto dollar dropped by 1.51% today, trading at $1,164.41 for sale.
That's all for today's update on the dollar in Argentina. Stay tuned for more updates!
If you're interested in receiving daily updates and exclusive analysis by our specialized journalists, get in touch at [email protected]. To see previous news coverage, check out ["Dollar" "Dollar blue" "Dollar today" "Latest news"].
EDITOR'S NOTE: While no official government announcement has been made regarding the issuance of "pesos against dollar bonds" or "dollar against dollar bonds," this article reflects possible speculation regarding potential strategies to boost reserves in light of the ongoing economic situation and the government's commitment to IMF-supported reforms.
- The government, in an attempt to secure more dollars amidst high dollar debt and unfavorable exchange rates, is considering issuing a mechanism called "pesos against dollar bonds" or "dollar against dollar bonds."
- In the global stock market, Argentine stocks trading on Wall Street experienced a significant increase of over 7%, while dollar bonds saw a modest rise.
- One of the mechanisms being considered by the government to boost reserves is the issuance of "dollar against dollar bonds," with a trade price of $1,143.10 for sale.
