While, the MEP dollar-also valued with the Global 2030- it increases by 1.3% to $284.28, which leaves a spread of 121.5% with the official wholesale exchange rate.
The growing doubts about the future of the local economy are reflected in greater exchange rate pressures and dismantling of asset positions in the midst of rising inflation and high monetary issue.
Globally, the 9.1% annual rise in US inflation in June, its highest level in four decades, reinforces speculation that the Federal Reserve will raise interest rates by 75 basis points this month.
“The yield curve of the United States Treasury bonds was inverted, this indicates that the market is seeing a greater probability of a recession”commented Eduardo Herrera, executive president of IEB Fondos.
In the informal market, on the other hand, the blue dollar climbed $4 to an unprecedented $287. “The market is taking and there are no bidders who can reverse this trend”, an operator said.
In order to preserve the scarce reserves of the Central Bank, the Government raised the tax that applies to purchases made in foreign currency by citizens abroad with credit and debit cards.
Operators speculate that the Central Bank will announce this Thursday an increase in its reference rate of between 200 and 300 basis points after knowing the inflation data for June.
Meanwhile, the Argentine country risk It rose 29 units to an all-time high of 2,769 basis points.
Source: Ambito
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