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Blue dollar fell $10 on a key day due to the debate on the Bases law

Blue dollar fell  on a key day due to the debate on the Bases law
Blue dollar fell  on a key day due to the debate on the Bases law

He blue dollar fell this Wednesday June 12 and operated at $1,255 for purchase and $1,285 for saleaccording to a survey of Ambit in the caves of the City. In the first hours of trading on Tuesday, the price had reached $1,300, but then it rearranged with a slight drop.

The parallel bill thus gave up $10, while the market look closely at the outcome of the Law Bases in the National Congress. Consequently, the gap with the official was 42.4%.

It should be noted that the parallel exchange rate went up $15 on Tuesday, after having added another $15 on Monday. In addition, The blue remained very close to the prices of the MEP and the CCL.

Blue dollar: what news impacts its price

The last few days were marked by several “political noises” mainly the lack of agreement on the Chamber of Deputieswhere half a sanction was given to the modification of the retirement formula. Furthermore, it will be decisive what will happen to the law Bases and whether or not the US$5 billion swap with China is renewed.

“The market will be looking at different issues this week, both political and economic-financial. From a political point of view, it will be key the future of the vote on the Bases law and the fiscal packageespecially the details and how the initiatives return to Deputies,” he assured Juan Manuel Franco, Chief Economist of SBS Group.

And he expanded: “We consider that The market discounts that the initiatives will be approved, even with modifications and that an adverse result for the government would be interpreted in negative way in terms of quotes of financial assets and dollar“.

For his part, the economist Federico Glustein agrees with this analysis: “The first thing is that there are a very great uncertainty regarding the Bases law and the market decides to dollarize for coverage. When there is context, this type of protection of the investment resource is common.”

For the expert, “the logical thing would be that Parallel prices will drop if the law is approved because part of the uncertainty generated in political terms dissipates. and an upward trend could continue if it is not approved or there are modifications, understanding the existing power vacuum that the Government has.”

Among other factors that would affect the price, Glustein also mentioned the payment or renewal of the swap to China and the liquidation of the agricultural sector.

How much is the official dollar trading at today, Wednesday, June 12

In the official exchange market, the dollar rises 50 cents and is trading at $902.50.

How much the future dollar trades at today, Wednesday, June 12

In future dollar contracts, the price By the end of June it climbs 0.6% to $921.5 while By the end of July it climbs 0.4% to $962. For purposes of August increases 0.6% to $1,019 and towards the end of the year it rises 0.7% to $1,188.

How much is the official dollar trading at today, Wednesday, June 12

In the official exchange market, the dollar closed at $902.50.

How much the future dollar trades at today, Wednesday, June 12

In future dollar contracts, the price for the end of June drops 0.1% to $920, while for the end of July it drops 0.1% to $958. By the end of August it falls 0.1% to $1,001 and towards the end of the year it rises 0.3% to $1,180.

How much is the MEP dollar trading at today, Wednesday, June 12

He MEP dollar quotes at $1,273.90, Therefore, the gap with the official amounted to 41.2%.

Value of the CCL dollar today, Wednesday, June 12

He dollar Cash with Settlement (CCL) operates at $1,305.54 and the spread with the official it was at 44.7%.

Price of the card dollar today, Wednesday, June 12

He dollar card or touristand the dollar savings (either solidary) culminates in $1,474.40.

Quote of the crypto dollar today, Wednesday, June 12

He crypto dollar or Bitcoin dollar operates at $1,303.12according to Bitso.

Source: Ambito

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