Banking What is going on with the Blue dollar? Why is it going down?

[import export]

I am love love loving to see the blue go up every day this week. Finally! It was falling for the past few months but glad to see it going up now. I'm coming next month and dollar is going to go further. I hope it goes above 1,300 soon. I ask my local friends I met what it should be trading. it realistically and they all tell me much higher than 1,500 to $1. Some told me 2000 pesos to $1 !

The BRL hit 6.28 to $1 today! Down almost 3% just today alone. 30% down YTD. Something tells me Brazil is going to get a lot of tourists.

 

[Larry]

The Argentine peso is SO overvalued. It is a total joke. This economist is sounding the alarm.

El duro pronóstico de un gurú de Wall Street sobre el dólar en la Argentina

Para el economista Robin Brooks, si Donald Trump pone fuertes aranceles sobre China, habrá devaluaciones en todos los mercados emergentes; advirtió que el peso argentino está “muy sobrevaluado” y que “necesita caer”

www.lanacion.com.ar

 

[VINO]

The Argentine peso is SO overvalued. It is a total joke. This economist is sounding the alarm.

El duro pronóstico de un gurú de Wall Street sobre el dólar en la Argentina

Para el economista Robin Brooks, si Donald Trump pone fuertes aranceles sobre China, habrá devaluaciones en todos los mercados emergentes; advirtió que el peso argentino está “muy sobrevaluado” y que “necesita caer”

www.lanacion.com.ar

Everyone has been saying that all year but when is it going to change? I got 1500 pesos to $1 in July and now only 1125. The dollar has gotten stronger in almost every other currency except Argentina.

It does not make sense to me. Maybe if things improved a lot and there were no issues but as far as I can see Argentina still has ALL the debt and getting ready to take on more debit with IMF.

 

[Bob]

Everyone has been saying that all year but when is it going to change? I got 1500 pesos to $1 in July and now only 1125. The dollar has gotten stronger in almost every other currency except Argentina.

It does not make sense to me. Maybe if things improved a lot and there were no issues but as far as I can see Argentina still has ALL the debt and getting ready to take on more debit with IMF.

Doesn't make sense to have a peso this strong. Tourism is falling, exports are going to fall too. Why would someone buy from Argentina when they can buy from Brazil much cheaper! Everyone knows it is not reasonable to have a peso this strong. Exporters aren't going to compete. My friends that lived through the $1:1 days tell me it's even more expensive now vs. then.

 

[Piranha]

Everywhere I read online even from international magazines or newspapers they all say the peso is overvalued. Locals are in denial as I read on X some people saying the Argentine peso should be very very strong. Makes no sense to me. My costs here have bone up a lot. When Trump won the USD went up everywhere! Except here.

This seems like dejavue from before when Trump was President and Macri was President. Caputo was also the Minister of Finance! Brazil was devaluing then too and now they are. Scary coincidences. Things didn't end up well for Argentina then. How is the government not commenting on how overvalued the peso is? Mieli is supposed to be some economist. How can he not see this. I think it blows up again.