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CCL dollar recorded first rise in 3 sessions, but MEP extended bearish streak and widened gap with the blue

CCL dollar recorded first rise in 3 sessions, but MEP extended bearish streak and widened gap with the blue
CCL dollar recorded first rise in 3 sessions, but MEP extended bearish streak and widened gap with the blue

The Financial dollars closed mixed this Wednesday, July 10. While the CCL cut a mini bearish streak, the MEP extended its downward trend and widened the distance with the blue.

He MEP dollar fell 0.7% (-$9.47) to $1,377.39which is why the gap with the official exchange rate fell to 49.8%. In addition, the spread with the blue is more than $70 (5.3%, the highest figure since May 20).

For its part, the CCL erased the initial fall and ended with an increase of 0.3% ($3.96) to place itself in the $1,390.55. In this case

“We are going through a particular moment in the market, as there is enough liquidity to think about an improvement in asset prices and another push for the dollar, but political conditions weigh heavily, even if the ‘May Pact’ is not something relevant or exclusive,” said a financial agent from a brokerage firm in Buenos Aires.

BCRA loses reserves and strength to defend exchange rate policy

Between Monday and Wednesday The Government paid US$2.550 million in the form of payment of capital and interest on debt to private bondholders. This caused a fall in reserves, which today reached their lowest value since May 10.

Although these maturities were already scheduled, doubts still persist about the strength of the Government and the BCRA to sustain the “crawling peg” of 2% per month and the “blend”, a scheme by which 20% of exports are settled in the CCL market.

“A large part of the market expects a correction of the dollar in the face of an exchange rate that continues to lag, a BCRA that stopped accumulating reserves, and a seasonality that does not help in the second half of the year,” said the economist Roberto Geretto from Fundcorp. “We should not rule out the possibility of a ‘rabbit out of the hat’ providing dollars as IMF funds, or money laundering,” he said.

How much is the official dollar trading today, Wednesday, July 10?

In the official exchange market, the wholesale dollar appreciated $1 to $919.50.

How much is the future dollar trading today, Wednesday, July 10

In the contracts of future dollarthe price for the end of July fell 0.1% to $940, towards August it fell 0.3% to $974.50 and in September it showed a decrease of 0.9% to $1,015. By the end of the year, however, it fell 1.4% to $1,180.

How much is the blue dollar sold for today? Wednesday, July 10

He Dolar blue closed at $1,420 for purchase and $1,450 for saleaccording to a survey by Ámbito in the city’s caves.

Dollar card price today, Wednesday, July 10

He dollar card or touristand the dollar savings (either solidary) went up and touched the first $1,500.

Crypto dollar quote today,Wednesday, July 10

He crypto dollar or Bitcoin dollar operates to $1,396.27according to Bitso.

Source: Ambito

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