Blue dollar stopped its upward climb after approaching $1,400

Blue dollar stopped its upward climb after approaching $1,400
Blue dollar stopped its upward climb after approaching $1,400

He Dolar blue This Wednesday, June 26, it was quoted at $1,335 for purchase and $1,365 for sale, according to a survey by Ambit in the caves of the City.

Thus, the informal dollar rose to $1,380 during the day, but then settled at $1,365, the same value as the previous session. Thus, the gap is located at the 49.8%.

So far in June, the informal dollar has accumulated an increase of more than $145. Let us remember that, in May, this exchange rate had already climbed $185 (17.8%), after three months with slight oscillations.

Demand for dollarization after paying bonuses to many workers, real rates still negativean expectation of lower foreign currency purchases by the BCRA and the pace of liquidation They put pressure on the exchange rate.

Exchange pressures: why the blue dollar is rising

From Wise Capital They added that “although we are in a stage of the year in which the price of the North American currency tends to rise the collection of the bonuscan also be mentioned other motives to understand the rise: one of them is negative real rates of fixed terms (2.9% monthly, against an inflation that in June will possibly be above 5%)”.

They also described that “the monthly devaluation is not yet equal to the level of inflation, making Argentina still expensive.” They detailed that The North American currency was adjusted monthly with devaluations of 2%, for the month of May these values ​​were close to the measured inflation of 4.2%.

In turn, the economist Gustavo Ber explained: “In the midst of a slower pace – and greater irregularity – in BCRA purchases, Expectations grow due to the dynamics of reserves given the current lower accumulation of reserves and the prospects for the usual lower supply of foreign currency in the second half”.

In this context, he expanded, the financial and free dollars remain firm and consolidate at $1,300 “from a greater demand for dollarization” by economic agents, due to various factors: greater caution, the bonus/vacation and lower interest rateswith investors still watching political and economic events.

Lastly, for Juan Manuel FrancoChief Economist SBS Group: “One of the focuses in the short term is export settlement flows in a context in which they remain below April levelswhich it involves lower supply of dollars in a framework of lower nominal rates that reduce the attractiveness of the carry trade.

For the expert, this issue is key because the Government needs “contain possible exchange rate pressures” given that an escalation in these could lead to “pressures on both prices and the exchange gap, increasing expectations of devaluation despite the fact that the Government says it will maintain the crawling peg of 2% monthly”.

How much was the official dollar quoted at today, Wednesday, June 26

In the official exchange market, the wholesale dollar rose $2 to $911.

How much did the MEP dollar trade at today, Wednesday, June 26

He MEP dollar closed to $1,332.13 for sale Therefore, the gap with the official amounts to 46.2%.

Value of the CCL dollar today, Wednesday, June 26

He dollar Cash with Settlement (CCL) closed at $1,341.13 and the spread with the official it is at 47.22%.

Price of the card dollar today, Wednesday, June 26

He dollar card or touristand the dollar savings (either solidary) closed at $1,484.80.

Crypto Dollar Price Today, Wednesday, June 26

He crypto dollar or Bitcoin dollar operates at $1,347.88, according to Bitso.

 
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