The official dollar accelerated rebound: at the Banco Nación it touched the $ 1,290; The parallels accompanied the rise

The official dollar rose to the retail and wholesaler, although it remained below $ 1,300level that seems that it works as a floor for the Blue dollarwhich advanced for the first time in three days, within the framework of a volatile week following the Supplies in pesos that surrounded after the unprolix disarmament of the Lefis.

The wholesale exchange rate rose 1.1% to $ 1,272, while the retailer did 0.2% to $ 1,280.14 in the average financial entities of the Central Bank (BCRA) and 0.8% to $ 1,285 in the Nation Bank (BNA). In turn, BCRA reserves They went up U $ S74 million to the U $ 40,430 million This Thursday.

On the other hand, the dollar CCL and the MEP They closed up to $ 1,277.13 and $ 1,272.91, respectively. In turn, The blue dollar increased $ 10 to $ 1,320.

Also, the dollar card or tourist, and the savings (or solidarity) dollarequivalent to the official retail dollar plus a surcharge of 30% deductible from the income tax, it was now at $ 1,664.

He future dollar, meanwhile, just went up In the July contract, he registered casualties along the rest of the curve, according to the alleged intervention of the BCRA. Investors “Pricean” that the wholesale exchange rate will reach at the end of the month the $ 1,271 and that by the end of December will reach the $ 1,453a value notoriously higher than the one foreseen in the advancement of the Budget 2026around the $ 1,229.

The pressure on the exchange rate in the pre -election scenario

The pre -election scenario could bring new pressures on the exchange ratefor the typical dollarization of portfolios on dates like these. In this regard, the economist Federico Glustein pointed to Scope that this could lead to the American currency above $ 1,300.

In turn, the specialist understands that the shortage of net reserves, together with the government’s indirect interventions strategy, “It shows that the dollar course for August could be to prevent the virtual psychological barrier of $ 1,350 from transcending”where he would be very close to the band stop and force him to sell reservations in the market, contrary to the demands of the International Monetary Fund (IMF).

On the other hand, Glustein remarked that “There is a thinner quarter in dollars next to a greater demand”but that the exchange rate may not be fired in the event that the government shows a clear strategy in terms of rates and market interventions. “Beyond that this can collaterally harm key factors such as growth and inflation,” he said.

In that sense, the operator of PR ROCADORS OF CHANGE, Gustavo Quintanahe said that after today, the wholesale exchange rate returned to levels similar to those of the beginning of the week, alternating rises and low, but “without defining for now a clear course about its evolution.” According to Quintana, it would not be strange “to attend a process of greater recovery of the dollar in the wholesale segment” that approximates it to $ 1,300.

Market attention continued on caution rates

After last Monday the interest rates of the shouted ciones in pesos reached a peak of 112%and operated on an average of 70% on Tuesday, on Wednesday they settled at lower levels. This Thursday, short -term rates remained below 35%.

In this regard, Bull Road Investments Co-Founder Gustavo Gardey said to Scope that the absorption of weights and the intervention in futures was the measure that the government took to “contain the dollar” and “encourage disinflation for July”, but that this would have a very adverse effect on the real economy if there is no rudder.