The The Central Bank bought US$10 million, bringing the result for the month to some US$15 million of net purchases in the market. It happens after closing the previous week with accumulated sales of US$150 million.
The weight of energy and fuel imports have complicated the scenario for the Central Bank to comply with the accumulation of reserves as provided in the understanding with the IMF and doubts that the objectives in this regard can be achieved in the first half of this year.
“Payments for energy and fuel imports continue to be important in the foreign exchange market and limit the Central Bank’s ability to significantly accelerate its process of accumulating reserves, which slowed down at the best time for the income of the agro-export complex,” analyst Gustavo Quintana raised.
Price of the solidarity dollar, Tuesday, June 7
The savings dollar or solidarity dollar -which includes 30% of the COUNTRY tax and 35% deductible of Earnings- up eight cents to $208.97 on averagewith which it operates for the seventh consecutive day above the blue.
Wholesale dollar price, Tuesday, June 7
The wholesale dollar, which is directly regulated by the BCRA, rose 18 cents to $121.29. In this way, in the first two days of the week the wholesale exchange rate rose 61 cents against a 65-cent increase in the first two days of the previous week.
The currency traded with a mixed trend in a day of moderate trading volume. Prices, as always, settled early within the fluctuation range established for today by the application authority and remained with little variation throughout the day.
Lows were made shortly after trading began at $121.27, sixteen cents higher than the previous end. The supply of foreign currency dominated the development of the session in the first part of the day, stabilizing the price around the initial lows and with little fluctuation in the values. Official purchases absorbed the excess supply in this section, holding the price at the initial lows. Authorized demand became more intense in the second part of the round, exerting dominance that forced the Central to part with part of the purchases made to meet purchase orders without the assistance of genuine supply, also tolerating a slight rise in prices that hit highs of $121.29 in the last hour of trading.
The strategy of updating the wholesale prices of the dollar remains unchanged, maintaining a gradual slide that for now does not seem to promise sudden jumps despite not matching the evolution of internal inflation.
Price of the CCL dollar, Tuesday, June 7
The dollar “counted with liqui” (CCL) -operated with the Global 2030 bond- rose seven cents to $210.17, therefore, the gap with the wholesale exchange rate was 73.3%.
Price of the MEP dollar, Tuesday, June 7
The MEP dollar -also valued with the Global 2030- down 16 cents to $208.68before which the spread with the wholesaler reached 72.1%.
Blue dollar price, Tuesday, June 7
The blue dollar increased $1 to $206, although it remained the “cheapest” retail exchange rate in the marketaccording to a survey carried out by Ámbito in the Foreign Exchange Black Market.
Thus, for the seventh day in a row, the parallel dollar was below the solidarity dollar, which is close to $209.
All in all, the gap between the blue dollar and the official wholesale exchange rate it stood at 69.8%, minimum levels of almost a year.
In the sixth month of the year, the blue dollar gives up $1, after ending May at $207.
so far this year, the informal dollar drops $2 after ending 2021 at $208.
Crypto dollar price, Tuesday, June 7
The crypto dollar or Bitcoin dollar rises 0.1% to $205.85, based on the average among local exchanges reported by Coinmonitor.
More news about the Blue Dollar and the Dollar
The “gurus” of the city: the list of Argentine economists awarded for their forecasts on the dollar and inflation
After the spike in April, the financial dollar remained calm in May and closed around $210
The super dollar continues to fall and the signs push investors to take refuge
A pause for the super dollar: what can happen now
The salary in dollars in Argentina is the lowest in the region
Source: Ambito
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