Dollar uncertaintyThe parallel dollar exchange rates are continuing a particularly sharp upward trend that started this week and reachedleft the US currency at record highs. The blue-chip swap exchange rate is at AR$452, having closed yesterday at AR$4365.74. The informal dollar exchange rate, or “dólar blue” as it is popularly known, also saw a surge. The financial broker told the Herald that those bonds are still cheap and that the market is not expecting an aggressive restructuring with big removals. In its last review of the program, the IMF “relaxed” the reserve accumulation target due to the historic drought.

Source: Bueno Aires Herald April 21, 2023 23:13 UTC