The official dollar goes up and heads to close its third week to the rise thread. A day happens after the Senate approved a package of laws that the Government rejects because they put at risk the fiscal surplus.
The official dollar advances at a firm pace, on a very volatile wheeland the Blue touches the $ 1,300 for the first time in three months, after the Senate a new moratorium and the declaration of the emergency in disability, as well as a half sanction to other projects rejected by the government of the government rejected by the government of the Government Javier Milei considering that They put at risk the fiscal surplus. Meanwhile, the Futures press down, after yesterday the market has been intervened.
The wholesale currency rises $ 7.50 (+0.6%) to $ 1,262.50 and approaches its nominal historical maximum. In last week, it is aimed at accumulating an increase of $ 22.50 (+1.8%) and in the last three weeks it accumulates an advance of $ 100.50. In it National Bankon the other hand, the price remains unchanged, in the $ 1,275.
He Blue dollar Up $ 5 to $ 1,300its maximum level since April 11. Financials also listed up; he CCL climb slightly a $ 1,275.04 and the MEP Scale a $ 1,268.71.
Future contracts operate disparate, with a majority of casualties. The market “Price” that the exchange rate will increase 6.1% throughout this monthand 1.9%, On average, from next month. According to the agreed values, the wholesaler will reach the $ 1,445a value notoriously higher than the one foreseen in the advancement of the Budget 2026 around $ 1,229.
High volume of operations in futures and drop in reserves
Future dollar contracts registered a majority of increases on Thursdayalthough, according to market sources, there were Official intervention in the shortest deadlines. Analysts observed a high volume of operations.
In this framework, International gross reserves fell at US $ 376 million, to US $ 38,792 millionthe lowest level since June 12. The decline responded fundamentally to the payment of global bonds. “Not everyone impacts reservations. Those who remain in the system do not lower them,” official sources clarified to this medium.
“Net reserves are located up to date at US $ 5,426 million. When paying the bonars, lace increases due to increased deposits in dollars. That is why we see a small impact on the gross, “explained the economist Federico Machado.
It is worth remembering that during the holiday on Wednesday, July 9, an edited video circulated in which the journalist Alejandro Fantino He broke a Caputo off, in which the minister said that, from here to the elections, the dollar was going to reheat and we were going to “have a bad time.” In the full video it can be seen that, what Caputo supposedly said was that this was what “mandriland” (the opposition) and what could happen if retirement increases were approved.
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”.
In addition, according to economists they influenced the dollarization of the bonuses, the purchase of currencies by exporters that had been liquidated before the restoration of retentions, and the demand for the treasure to swell their reserves through the so -called “block purchases”.
Source: Ambito
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