The official dollar extended its rise this Monday and scored his greater daily progress in two months. Future market contracts also reheatedprojecting a dollar much higher than the one provided for in the Budget 2026.
The wholesale currency went up $ 24 (+1.94%) to the $ 1,264broke a New nominal record From the debut of the flotation bands And he scored his greatest rise since the beginning of May. In last week, he accumulated an advance of $ 51 (+4.3%). In the Banco Nación, meanwhile, the price reached $ 1,280 for saleafter climbing another $ 20.
In turn, The dollar futures also reheated and recorded generalized increases. For December, the “price” market $ 1,443 per dollar, far from $ 1,229 which included the government in the Advance of the 2026 Budget Project.
The future dollar “Price” an advance of 7% in July. Andrés Reschini, of F2 financial solutions, He mentioned that while “this volatility is not the best news to sustain rapid disinflation, it does not mean the end of reduction in inflation.”
“Argentina is still missing to reach inflation levels such as those of the main countries of the region and on the way to that normalization there may be mountains, in fact there were and will continue. For this the market awaits the signals that result from the elections and the meanwhile it is logical that it is volatile,” the specialist analyzed.
The blue dollar rose $ 40 to $ 1,270 and the financial replica the trend, with the MEP climbing up to $ 1,271.34 and the CCL advances up to $ 1,267,30.
Why does the dollar go up?
Although the liquidation at least at the beginning of July could be record, the official dollar continues to be pressed. In the local market, the pressure intensified after the US bank report JP Morgan which suggested taking profits and getting out of bets to “Carry Trade”.
From the International Front, Eric Paniaguapartner of Dracma Venture Capital Consulting, stressed that this Monday the dollar is “exacerbated” by him strengthening of the currency globallyproduct of the new duty that is promoting Donald Trump.
“The world risk off, with the fall of the shares, and the growth of the green ticket also force the depreciation of emerging currencies. The upward trend that showed the dollar in Argentina, today is reinforced,” he added.
In that line, the economist Federico Glustein He mentioned again the collection of Aguinaldo, holidays of high and high medium sectors, as well as the dollarization of portfolios product of the elections of the province of Buenos Aires in September and the nationals in October as factors that continue to press on the US currency.
“In addition to this, the replacement of the withholdings generates a lower offer effect in the square while the exporters settled record the first semester of the year, that generates relative shortage and resequenting the market. Also the Import peak of wealth Mark the pulse in the Official dollar and drag other parallel contributions. The weights of the latest tenders that did not rolled 100%, were expectant and press the officer, “the economist analyzed.
Likewise, he added the failure of the United States Justice which ordered the Argentine State to deliver the 51% of the actions of the state oil company for the expropriation of the company in 2012. In that line, the Government appealed the measure of the Judge of New York Loretta Preska and requested the suspension of the decision until the review chamber issued on the substantive issue.
“You have to see what happens with YPF, Muerta Vaca And how does the government for Cover the current account deficit and debt maturities of 2026 that are highwhile the BCRA is not absorbing reservations, “said Glustein.
The BCRA international gross reserves They fell on Monday U $ S19 million to the U $ S41,720 million And it continues without interventions.
Source: Ambito
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