The blue dollar hit a new record of $1,300 this Tuesday. Finally, the North American currency closed at $1,265 for purchase and $1,295 for sale.
The parallel exchange rate thus rose $15, after having added another $15 on Monday and remains very close to the MEP and CCL quotes.
The MEP dollar is trading at $1,277.74, so the gap with the official dollar drops to 41.6%. The Cash with Settlement (CCL) is trading at $1,300.61 and the spread with the official one is 44.1%.
The gap with the official is located at 43.5% and is close to 45%.
The card or tourist dollar, and the savings (or solidarity) dollar remain at $1,473.60. The crypto dollar or Bitcoin dollar operates at $1,301.99.
In future dollar contracts, the price for the end of June lost 0.1% to $920, while for the end of July it fell 0.6% to $958.50. By the end of August it rises 0.5% to $1,002 and towards the end of the year it rises 0.8% to $1,179.
Caputo denied a devaluation
The Minister of Economy, Luis Caputo, came out to clarify that the Government is not analyzing a devaluation and questioned the “unfounded rumors” that are circulating.
Caputo chose social networks to try to bring calm to a market that raised the price of blue and financial dollars above $1,300.
“Given the unfounded rumors, we clarified with Santiago Bausili that if the Bases law is approved, the reduction in the country tax is not associated with any devaluation,” said the head of the Treasury Palace.
He also assured that “neither will the 80/20” be touched, the mix with which exporters are allowed to be liquidated, “nor the crawling of 2 percent per month”, the level of depreciation of the peso in the official market.
Earlier, Caputo had told businessmen that “there are no macro conditions for there to be a scare.” The Minister of Economy blamed the opposition for the rise in the dollar and denied that there was a crisis.
Down markets
With an eye on the Senate, Argentine stocks and dollar bonds listed in New York fall up to 4.6%.
The profit taking occurs amid uncertainty about the treatment of the Bases law and the fiscal package in the upper house.
On the Buenos Aires Stock Exchange, the S&P Merval loses 2.1%, to 1,544,326.04, after climbing 3.8% in the previous session and improving 24.8% during May.
In this scenario, sovereign bonds fall to 4.6%, led by Global 2041, followed by Global 2038 (-4.1%), Bonar 2038 (-2.1%), Global 2035 (-2% ) and Global 2029 (-1.9%).
The country risk climbs 23 units, or 1.6%, and stands at 1,511 basis points, according to JP Morgan measurement.
Argentine shares listed on Wall Street fall up to 3.5%, led by Banco Macro, followed by Pampa Energía (-3%), Grupo Supervielle (-2.6%), Transportadora de Gas (-2.6%) , IRSA (-2.6%) and Loma Negra (-2.4%).
