In a day with a lot of volatility, the Financial dollars are trading higher This Thursday, July 11th. The blue line, the CCL climbs around $15 and breaks through $1,400 again
Also called the dollar “wire” climbs $15.21 (1.1%) and is located in the $1,405.76. In this way, the spread with the wholesale exchange rate, which is regulated by the Bank, is positioned at the 52.6%.
For its part, the dollar MEP breaks a mini bearish streak and advances $16.54 (1.2%) to the $1,393,93 which is why the gap is 51.4%.
Reserves, lifting the currency controls and inflation, the issues that concern the market
This week The Government paid US$2.550 million in the form of debt to private bondholders. This caused a fall in reserves, which on Wednesday hit 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.
However, a couple of weeks ago, the Minister of Economy, Luis Caputo, and the president of the BCRA, Santiago Bausili, confirmed that these policies will be maintained and that the lifting of the restrictions will occur at a later stage, when macroeconomic conditions improve and a path of sustained growth is foreseen.
“We are in the recovery stage, we left intensive care. The free exchange rate will converge to the official rate due to scarcity and that will be a better time to get out of the currency controls.“, Caputo said in radio statements.
Meanwhile, the International Monetary Fund (IMF) said on Thursday that preliminary data from Argentina suggest fiscal and reserve targets continue to be met, and that there have been “very positive developments” since the previous review.
The international lending body said the talks with Argentine officials were related to the current programme and any new programme would be discussed when formally requested.
This Friday, INDEC will release the official inflation data for June, which the market estimated at 5.2% According to the Central Bank’s latest REM, Caputo is hopeful that the figure will be below 5% and that core inflation (which does not take into account seasonal factors or regulated prices) will be around 3% sooner rather than later.
How much is the official dollar trading today, Thursday, July 11?
In the official exchange market, the wholesale dollar increases $1.50 to $921.
How much is the dollar futures trading today, Thursday, July 11?
In the contracts of future dollarthe price for the end of July falls 0.1% to $940, towards August it falls 0.3% to $974.50 and for September it shows a decrease of 0.9% to $1,015. By the end of the year, however, it fell by 1.4% to $1,180.
How much is the blue dollar sold for today, Thursday, July 11?
He Dolar blue operates at $1,420 for purchase and $1,450 for saleaccording to a survey by Ámbito in the city’s caves.
Dollar card price today, Thursday July 11
He dollar card or touristand the dollar savings (either solidary) marks the $1,500.80.
Crypto dollar quote today, Thursday July 11
He crypto dollar or Bitcoin dollar operates to $1,413.01according to Bitso.
Source: Ambito
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