I had also heard from my contacts that there has been selling of Dollars at about 10 centavos below the previous days closing mark by people perceived to be connected to the government, starting at the end of last week.
My guess is the government got concerned that the Blue was going to blow through 8 which caused them to act through a proxy in the Blue market, just like last July when they did the same thing when the Blue was at 5.8x and rapidly approaching 6, and the next morning a seller opened the market selling Dollars at 5.30, only this time the have been pushing it down a dime at a time.
My guess is the government got concerned that the Blue was going to blow through 8 which caused them to act through a proxy in the Blue market, just like last July when they did the same thing when the Blue was at 5.8x and rapidly approaching 6, and the next morning a seller opened the market selling Dollars at 5.30, only this time the have been pushing it down a dime at a time.