The Financial dollars deepened their declines This Monday, July 29th and They broke through the $1,300 mark for the first time in two weeks. With these changes, prices registered their third consecutive fall.
The dollar MEP dropped $26.58 (-2%) to be placed in the $1,296.57for which the spread with the wholesaler, regulated by the Central Bank (BCRA), was located at 39.1%.
For its part, the dollar CCL exhibited its biggest daily contraction in 10 days, falling by about $23.62 (-1.8%) and positioning itself at $1,294.23. In this case lThe gap ended at 38.9%, the lowest figure since May 30.
Regarding this fall, Invertir en Bolsa (IEB) assured that they see “quite a few corporate bond sales, especially at noon,” which gradually diminished as the hours passed.
Last week the BCRA announced new measures related to access to the different exchange markets, among which the following stood out: 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.
The market focuses on the amount of dollars in the BCRA
On the other hand, for two weeks now the monetary authority has been using reserves to intervene in the CCL price, with the ultimate goal of reducing the gap and also absorbing the $2.4 million it issued since April for the purchase of foreign currency in the official exchange market. However, Market sources say that the level of intervention has been significantly reduced in recent days.
Investors are cautiously watching the impact of this measure, as could put the accumulation of reserves at risk in the face of important maturities at a time when the level of export settlements begins to decline due to seasonal issues.
“With three days left in July, The outlook for the BCRA in the official market is not positivesince it is usually a net seller in the last rounds of each month,” said Portfolio Personal Inversiones.
“Going forward, his performance should worsen.given that the seasonality of imports and exports will continue to work against the accumulation of reserves,” he added.
Last Friday Gross international reserves hit their lowest level since March. Furthermore, analysts estimate that net reserves give a negative US$6 billion.
“For a few weeks now, the Country Risk has stopped falling and the BCRA has stopped buying reserves. These are two sides of the same coin, where the market is wondering How will the 2025 dollar maturities be addressed? without reserves and with an exchange rate that appreciates month after month,” warned economist Roberto Geretto.
However, he offered a blanket of hope for possible surprises “on the IMF side, a successful money laundering that brings in dollars, inflation that falls faster than expected, or a rate hike.”
How much is the official dollar trading today, Monday, July 29?
In the official exchange market, the The wholesale dollar rose 50 cents and was offered at $932.
How much is the future dollar trading today, Monday, July 29?
In it Matba Rofexthe future dollar for the end of July fell 0.1% to $934, while for the end of August it fell by 0.5% to $968. In this way, The market expects a devaluation of 3.9% for next monthwhich would imply an acceleration with respect to the current “crawling peg”.
Meanwhile, for September the contract fell 0.5% to $1,010.50 and for December it fell 0.7% to $1,161.
How much is the blue dollar sold for today, Monday, July 29?
He Blue dollar operates at $1,415 for sale, According to a survey by Ambit in the caves of the City.
Dollar card price today, Monday, July 29
He dollar card or touristand the dollar savings (either solidary) is negotiated at $1,520.80.
Crypto dollar quote today, Monday, July 29
He crypto dollar or Bitcoin dollar quoted at $1,332.89 according to Bitso.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
