The blue dollar rose and was close to its record

The blue dollar rose and traded at $1,250 for purchase and $1,280 for sale this Monday, June 10, according to a survey by Ámbito in the City caves.

The parallel currency added $15 to its market value on the day and approached its intraday maximum of $1,300, which it reached on May 23.

Consequently, the gap with the official was located at 41.9% and consolidated above 40%, a value that had been breached last Thursday. The ticket has just recorded its fourth consecutive weekly increase.

The last few days were marked by several “political noises”, mainly the lack of agreement in the Chamber of Deputies, where half a sanction was given to the modification of the retirement formula, which according to President Javier Milei threatens the fiscal balance and which, if If approved, he will veto.

Likewise, the market remains expectant regarding what happens with the Bases law and the fiscal package, which will be discussed next Wednesday in the Senate.

Investors are also closely watching the currency swap negotiations with China, since rumors have been circulating for weeks that Chinese President Xi Jinping would not agree to renew it. If so, Argentina would have to pay the equivalent of about US$5,000 million, which corresponds to the freely available section, and which would come out of the coffers of the Central Bank, which would affect the reserves.

In this context, this Friday, the monetary authority sold US$27 million and reserves fell to US$29,297 million.

In the official exchange market, the dollar rises $2.50 and trades at $901.5. It ended last week up $3.50 (+0.4%).

The MEP dollar is trading at $1,283.01, so the gap with the official dollar drops to 42.9%.

The Cash with Settlement dollar (CCL) is trading at $1,309.19 and the spread with the official one is 45.22%.

The card or tourist dollar, and the savings (or solidarity) dollar remain at $1,468.80.

The crypto dollar or Bitcoin dollar operates at $1,292.05, according to Bitso.