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We are not going to devalue, we are not going to move from what Caputo announced

We are not going to devalue, we are not going to move from what Caputo announced
We are not going to devalue, we are not going to move from what Caputo announced

The presidential spokesman, Manuel Adornispeaking after the markets collapsed the day before, insisted: “We are not going to devalue, we are not going to move from what Caputo announced”. In his usual press conference at Casa Rosada he added: “Those who have an opinion do not interfere with our path. The balance of public accounts is guaranteed.”

The official assured that when the Government announced “the zero deficit to end the fiscal imbalance, the dollar He took a leap” and said he would not take a step back “not even to gain momentum.”

“When we announced the zero deficitto end the fiscal imbalance, the dollar also jumped and then, when those disbelievers did not believe, the dollar ended up settling down. What this group of people thinks does not interfere with our plan or our path,” he said when talking about the fluctuations of the dollar.

He added: “The arguments made by some have nothing to do with our position and what we are doing. We are not taking a step back, not even to gain momentum. We are going to continue forward. Confusion is being created over something that does not exist. The path is firm.”

Blue dollar today: how much is it worth this Tuesday, July 2

He Blue dollar maintains the upward trend this Tuesday, July 2. This is how it is quoted $1,390 for the purchase and $1,420 for saleaccording to a survey by Ambit in the caves of the City.

The parallel currency rises $15 and write down an increase of $55 in two days. Thus, the gap reaches 55.19%, highest since the devaluation in December, the beginning of the Milei era.

Let us remember that in June, the blue jumped $140 and, in May, this exchange rate had already climbed $185 (+17.8%), after three months with slight fluctuations.

Context for the rise of the blue dollar

The ads of Luis Caputo, Minister of Economy, and the president of the Central Bank (BCRA), Santiago Bausili, of a bond exchange of the BCRA by those of the Treasure for banks and the approval of the law Bases and the fiscal package which took place last Thursday at the Chamber of Deputiesconsidered a political achievement for the Government, failed to curb the demand for the “greenback” on the parallel market.

And the market assures that The ads were “lacking”They were expecting some more juicy decision, such as signs regarding the lifting of the restrictions or some adjustment in the exchange rate. However, the Government decided not to change course in that regard.

The demand for dollarization after the payment of bonuses to many workers, the still negative real rates, an expectation of lower purchases of foreign currency by the BCRA and the pace of liquidation put pressure on the exchange rate.

Source: Ambito

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