Where will the dollar open on Monday, September 7?

After a weekend without financial-market trading, attention turned to the dollar’s opening rate on Monday, September 7, when banks resume operations.

In normal conditions, the official exchange rate opens at the same buying and selling prices recorded at the previous close. Banco Nación’s last posted rates were 1,480 pesos for buying and 1,530 pesos for selling, and those figures were therefore taken as the expected opening values.

The blue dollar, traded on Argentina’s informal exchange market, ended the last business day at 1,493.80 pesos for buying and 1,540 pesos for selling. The article also refers to the financial dollar rates, including the MEP dollar and the CCL dollar, which use securities-market transactions involving bonds and shares.

Banks now allow customers to buy dollars through home banking following the removal of exchange controls, although each bank sets its own operating hours. The article also points to the next major economic date: INDEC is due to publish August’s consumer price index on Thursday, September 10, at 4 p.m.