Dollar Truce on the Stock Exchange: CCL and MEP dropped to 1.46 pesos

After testing levels close to 120 pesos and a gap of about 80%, stock dollars interspersed a respite on Wednesday and dropped to 1.46 pesos, despite increased dollarization in response to the caution and uncertainty generated by debt restructuring, rising monetary issuance, and negative real rates. However, with new currency trading hurdles on the market, pressure did not drop on the parallel market, where the blue dollar jumped another 2 pesos and scored a new all-time high.

Source: Cityfalcon