# "Blue" Dollar Shot up in Argentina, Sandcastle Collapsed

> The Argentine informal (blue) dollar rose about 10 pesos to near 160 pesos on December 24 after a period of stability. Analysts linked the move to Christmas bonus payouts that pushed workers to exchange pesos for dollars.

- Date: 2020-12-24 · published 2020-12-24T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/49927-blue-dollar-shot-up-in-argentina-sandcastle-collapsed
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Renewed parallel-market dollar pressure raises the chance of a devaluation, which could push Argentine farmers to sell grain and oilseeds and shift export pricing, affecting world meal and oil offers.

## Read by commodity

- USDARS: bullish ▲

## Sources

- en.panampost.com: https://en.panampost.com/marcelo-duclos/2020/12/24/dollar-argentina-sandcastle-collapsed/

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