The US dollar experiences a rebound after reaching one-month lows in Argentina
The US dollar experiences a rebound after reaching one-month lows in Argentina
The MEP dollar rises by almost $15 (1.33%), reaching $1139.0, while the CCL climbs $12.63 (-1.07%) to $1,189.
On Thursday, February 15th, financial dollars rebounded after a sharp decline in the previous session, reaching one-month lows. However, for the moment, the Contado Con Liquidación (CCL) remains below the symbolic level of $1,200. This comes after the release of January’s inflation data, which showed a slight deceleration, reaching 20.6%, nearly in line with market expectations.
In this context, the MEP dollar rises by almost $15 ($14.9 exactly), up 1.33%, reaching $1,139.06 after experiencing its largest daily decline since late November the previous day, dropping by $49. Thus, the gap between this exchange rate and the official rate stands at 36.48%.
This happens in a context where President Javier Milei is preparing for his trip to the United States.
President Javier Milei will participate from February 21st to 24th in the Conservative Political Action Conference, the annual gathering that brings together right-wing leaders from the United States, to be held in Washington DC, according to official sources reported by Télam.
Milei will be one of the speakers at the event, on a date to be determined, in a meeting where former U.S. President and aspirant for the Republican Party nomination for a second term, Donald Trump, his former advisor Steve Bannon, the president of the Spanish party Vox, Santiago Abascal, and the leader of the United Kingdom Independence Party, Nigel Farage, the main proponent of Brexit, the UK’s departure from the European Union, which occurred on January 31, 2020, will also speak.
Returning to the dollar, since its record of $1,255 registered on January 24, it has accumulated a decline of $195 and is approaching minimum values recorded since January 8, 2024, when it was quoted at $1,050. It is $10 pesos away from reaching that price and getting closer to $1,000.
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