# "Blue" dollar hits new highs against Argentine peso — MercoPress

> The informal 'blue' dollar rate against the Argentine peso hit a new all-time high of AR$378 per US dollar, rising AR$8 on Tuesday. The Central Bank sold US$23 million at its official retail rate after adding US$280 million the prior week, as reserves drained.

- Date: 2023-01-18 · published 2023-01-18T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/38055-blue-dollar-hits-new-highs-against-argentine-peso-mercopress
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

A widening gap between official and parallel FX rates signals acute dollar scarcity in Argentina, which weighs on the country's ability to import feed and grain inputs and supports pressure on Argentine export pricing in dollar terms.

## Read by commodity

- USDARS: bearish ▼

## Sources

- en.mercopress.com: https://en.mercopress.com/2023/01/18/blue-dollar-hits-new-highs-against-argentine-peso

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.