He blue dollar made a new jump and traded at $1,265 for purchase and $1,295 for saleaccording to a survey of Ambit in the caves of the City. In the first hours of the round the price had reached $1,300. He market look closely at the outcome of the Law Bases in the National Congressin addition to analyzing the consequences of the swap payment with China.
It should be noted that the parallel exchange rate went up $15 this Tuesday, after having added another $15 to its market value on Monday and thus marks an intraday maximum of $1,300. In addition, The informal exchange rate remained very close to the MEP and CCL quotes. Consequently, the gap with the official was 43.5%. The greenback comes from writing down your fourth consecutive weekly increase in the parallel market.
Blue dollar: what news impacts its price
The last few days were marked by several “political noises” mainly the lack of agreement on the Chamber of Deputieswhere half a sanction was given to the modification of the retirement formula. Furthermore, it will be decisive what will happen to the law Bases and the end of the swap with China.
“The market will be looking at different issues this week, both political and economic-financial. From a political point of view, it will be key the future of the vote on the Bases Law and the fiscal packageespecially the details and how the initiatives return to Deputies,” he assured Juan Manuel Franco, Chief Economist of SBS Group.
And he expanded: “We consider that The market discounts that the initiatives will be approved, even with modifications and that an adverse result for the government would be interpreted in negative way in terms of quotes of financial assets and dollar“.
For his part, the economist Federico Glustein agrees with this analysis: “The first thing is that there are a very great uncertainty regarding the Bases law and the market decides to dollarize for coverage. When there is context, this type of protection of the investment resource is common.”
For the expert, “the logical thing would be that Parallel prices will drop if the law is approved because part of the uncertainty generated in political terms dissipates. and an upward trend could continue if it is not approved or there are modifications, understanding the existing power vacuum that the Government has.”
Among the other factors that would affect the price, Glustein also mentioned the payment of the swap to China that would take net reserves negative again and the liquidation of the agricultural sector.
How much is the official dollar trading at today, Wednesday, June 12
In the official exchange market, the dollar closed at $902, same value compared to the previous day.
How much the future dollar trades at today, Wednesday, June 12
In future dollar contracts, the price for the end of June fell 0.1% to $920, while for the end of July it fell 0.1% to $958. By the end of August it fell 0.1% to $1,001 and towards the end of the year it rose 0.3% to $1,180.
How much is the MEP dollar trading at today, Wednesday, June 12
He MEP dollar quoted to $1,273.90, Therefore, the gap with the official amounted to 41.2%.
Value of the CCL dollar today, Wednesday, June 12
He dollar Cash with Settlement (CCL) operated on $1,305.54 and the spread with the official it was at 44.7%.
Price of the card dollar today, Wednesday, June 12
He dollar card or touristand the dollar savings (either solidary) culminated in $1,473.60.
Quote of the crypto dollar today, Wednesday, June 12
He crypto dollar or Bitcoin dollar operates at $1,303.12according to Bitso.
