MEP and CCL Dollars suffered their biggest daily drop in 8 sessions and marked their second weekly drop in a row

The Financial dollars recorded their biggest daily drop in eight days this Friday, July 26, amid improved climate for emerging markets, and marked their second weekly decline in a row.

The dollar MEP fell $9.62 (-0.7%) on this day to reach the $1,323.15which is why the gap with the official exchange rate was 42.1%. Compared to last Friday, the price has accumulated a decline of $8.55 (-0.6%).

For its part, the dollar CCL fell $11.68 (-0.9%) to $1,317.85, with which the spread with the wholesale price was 41.5%. In fact, during This week, the “cable” dollar showed a decrease of $10.63 (-0.8%).

The Government is making progress in the “clean-up” of the BCRA

Since last week, The monetary authority intervened slightly in the stock market, with the ultimate goal of reducing the gap and absorbing the $2.4 million it has issued since April for the purchase of foreign currency in the official exchange market.

The market is cautiously watching the impact of this measure, since could put the accumulation of reserves at risk in the face of important maturities at a time when the level of export liquidation begins to decline due to seasonal issues. “The balance of the BCRA and the reserves continue to be at the center of the scene on a daily basis, especially when have returned to negative territory in net terms even though this evolution was anticipated during this quarter,” Ber said.

On Friday, gross reserves hit their lowest level since the end of March. Analysts and traders also estimate that net reserves are in negative territory. around US$6 billion.

He Central Bank (BCRA) accelerated its daily sales and lost another 100 on Friday US$92 million. In this context, the gross reserves fell US$23 million and in the week they contracted US$259 million until the US$27.307 billion, its lowest level since March 27.

“The limitations of the current monetary regime, supported by capital controls, are becoming evident”they said from Wise Capital.

“The failure to accumulate reserves since June and a higher gap between the official exchange rate and the ‘CCL’ highlight the need to overcome the key challenge still facing the administration around the exit from capital controls,” they added.

Easing of the cepo

In parallel, this week the Central Bank announced new measures related to access to the different exchange markets, among which they highlighted the Reduction in payment terms for imports and the Authorization to buy MEP and CCL dollars for those individuals who received state aid during the pandemic or receive subsidies on utility rates.

“With this measure, all those people who were included in that category will be able to take out mortgage loans in pesos and access the MEP dollar to complete their real estate transactions,” the institution reported.

How much is the official dollar trading today, Friday, July 26?

The official dollar -without taxes- closed at $910.51 for purchase and $969.05 for sale. At Banco Nación, the bill traded at $910 for purchase and $950 for sale.

In the wholesale market, the The dollar rose $1.50 and was offered at $931.50.

How much is the dollar futures trading today, Friday, July 26?

In it Matba Rofexthe future dollar for the end of July fell 0.1% to $934.50 while for the end of August it rose 0.1% to $972. Meanwhile, for September it climbed 0.2% to $1,014. For November it climbed 0.4% to $1,114 and for December it rose 1% to $1,169.

How much is the blue dollar sold for today, Friday, July 26?

He Blue dollar fell $10 to $1,435 for sale, According to a survey by Ambit in the caves of the City.

Dollar card price today, Friday, July 26

He dollar card or touristand the dollar savings (either solidary) ended at $1,520.

Crypto dollar quote today, Friday, July 26

He crypto dollar or Bitcoin dollar quoted at $1,328.89according to Bitso.