Dollar today, blue dollar today: how much is it trading this Wednesday, June 26

According to the indicator prepared by JP Morganhe risk country Argentina reaches 1440 points this Wednesday, June 26.

He retail dollarthe currency controlled by the Central Bank (BCRA)this Wednesday is quoted at $948.55 for sale and $890.44 for purchase.

According to the National Institute of Statistics and Censuses (Indec), inflation reached 4.2 percent in May, the best record in more than two years. Its about fifth consecutive month of price slowdown after the December devaluation. According to the statistical agency, The consumer price index (CPI) accumulated 71.9% so far this year and 276.4% in the last 12 months.

The pesos can be dollarized indirectly through the purchase of Argentine Certificates of Deposits, better known as cedars. They are a representation of the stocks of large companies in the world like Disney, Apple and Coca-Cola that are paid in pesos, but are tied to the price of the CCL dollar.

The Central Bank (BCRA) managed to buy another US$43 million yesterday through interventions on the market, income with which it added US$90 million to its reserves in this way so far this week. In this way, a favorable balance of US$115 million has been accumulated so far this month. This is a much lower amount than expected, although settlements from the oilseed complex have grown strongly in recent weeks, even slightly exceeding US$220 million this Monday. Read the full note in LA NACION.

Waiting for the opening of the markets this June 26ththese were the dollar quotes in its different exchange rates at the close of last Tuesday the 25th:

The Central Bank (BCRA) managed to buy another US$43 million yesterday through market interventions, income with which it added US$90 million to its reserves in this way so far this week and accumulates a favorable balance of US$115 million so far this month. This is a much lower amount than expected, although settlements from the oilseed complex have grown strongly in recent weeks, even slightly exceeding US$220 million this Monday. Read the full note at THE NATION.

This Tuesday, the official dollar closed at $948.55 and the blue, at $1365. Therefore, the exchange gap is $416.45.

Martin Redrado stated this Sunday night in LN+ that “Argentina needs to consolidate stability and propose a development strategy based on innovation.” He also referred to the future of the economy and considered that the country needs a true ““tax revolution”where i are removeddistortionary taxesa schedule is proposed for eliminate withholdings and reform the income tax.

In addition, the former president of the Central Bank (BCRA)stated: “The country needs more dollars coming from real investments, an international policy that allows negotiating agreements to trade more. If it is based on the volatility of the purchase and sale of bonds, it is something short-term. What was achieved is good, but to consolidate it more dollars are needed, which must come from investments, exports and negotiations for new markets that are complementary to Argentina.”

He retail dollarwhich is controlled by the Central Bank (BCRA)closed this Tuesday at $890.44 for purchase and $948.55 for sale.

THE NATION