Cash with liquid also goes down
The dollar counted with settlement registers a drop of 2.70%.
The quote is $1,263.93 for purchase and $1,267.53 for sale.
The blue dollar
He Dolar blue It is the exchange rate of the US currency that is bought and sold outside the formal circuit. It is sold in unofficial places and is also known as the parallel dollar or informal dollar. The quote and price of the Blue Dollar may vary and is not regulated by the government.
Inflation continues to slow
Workers’ inflation was 4.7 percent in May and rose to 79.2 percent so far this year, reported the Institute of Workers Statistics (IET) of the Metropolitan University for Education and Labor. (UMET) and the Center for Concertation and Development (CCD).
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Real positive rate?
The Ministry of Finance announced that in this Wednesday’s tender it awarded Lecap securities (debt in pesos) for 5.4 billion pesos. It represents a third of the amount of money offered by the participants in the call: $16.4 billion. The total award was made in Lecap with expiration on September 13, 2024, prioritizing reinforcing the reference rate signal of 4.25% (monthly effective), said secretariat reported. “The negative real rate process has come to an end,” it was indicated, “having fulfilled the double objective of contributing to the cleanup of the BCRA’s balance sheet and being a fundamental pillar in the reduction of inflation” in the six months of management.
Currency black market
It is an alternative market where foreign currencies, mainly dollars, are traded outside the control and regulation of official financial authorities. This market is characterized by operating outside the law, which often results in higher prices compared to the official market. Its existence and prevalence are due to several reasons. Firstly, the relevant percentage of “black economy” in the entire national productive movement (to avoid paying taxes or directly as a result of illegal activities), which leaves many economic agents without the possibility of resorting to legal markets. Among its defenders, the influence of strict exchange restrictions imposed by the government, economic imbalances, and a growing demand for hard currencies as savings or investment mechanisms in the face of local economic uncertainty stands out. In addition to impacting the economic stability of the country, the black currency market represents a legal risk for participants, since transactions are carried out outside the banking and financial legal framework. Unlike the Blue Dollar, which refers specifically to the US dollar in an informal but relatively accepted context, the black market can include a variety of foreign currencies, and is often associated with less transparent and more speculative economic activities.
The blue dollar falls
The blue dollar maintains the downward trend and registers a new fall.
It is now trading at $1,200 for purchase and $1,220 for sale.
Argentina, forced to pay US$1.67 billion
Argentina was sentenced by a London Court to pay US$1.67 billion for miscalculation of the PBI coupon after losing an appeal. The ruling includes the original amount of US$1.3 billion plus interest, according to the Reuters agency.
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Dollar unchanged in the first part of the day
The price of the dollar did not change in the first minutes of operations this Thursday.
The official dollar is at 881.50 for purchase and $921.50 for sale.
The blue dollar is trading at $1,265 for purchase and $1,285 for sale.
Renewal of the swap with China by order of the IMF
By Raúl Dellatorre
The Central Bank managed to agree with the People’s Bank of China on the renewal of the tranche of the swap activated, that is, the one that was actually used. Despite the resistance of Javier Milei’s government to having a rapprochement with China, the Central Bank statement that informs the renewal indicates in its final part that “the cooperation between both monetary institutions, which began in 2009, has been renewed and the ties financial and economic relations between both countries are reinforced”. The change in attitude would not have been of the Argentine government’s own volition, but rather due to a direct demand from the IMF: if there was no agreement with China, the approval of the last quarterly review of the fulfillment of goals and, therefore, the disbursement with the that the government will have to face immediate payments of maturities with the IMF itself.
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The game in the city, pending debate in the Senate
The Markets moved with relative enthusiasm yesterday, Wednesday, while the Base Law was being discussed in Congress. The blue dollar fell 10 pesos to 1,285 pesos, while there was a rebound in stocks and bonds. He country risk fell below 1500 points. On the cash side with settlement, a drop of 0.3 percent was recorded to 1,301 pesos.
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The price of the dollar today
The official dollar is quoted at 881.50 for purchase and $921.50 for sale.
The blue dollar is at $1,265 for purchase and $1,285 for sale.
