Financial dollars record second consecutive rise: MEP exceeds $1,300

The Financial dollars extend the rebound during this Thursday, August 1st and the MEP exceeds $1,300 for the first time in the week. The quotes They have accumulated falls of up to 4.8% in July following the intervention of the Central Bank (BCRA) to reduce the gap, the sale of corporate bonds and amid the money laundering promoted by the Government.

During this day the dollar MEP amounts to $13.10 (1%) $1,306.43for which the spread with the official is located at 39.9%. The price had previously exceeded $1,310.

Meanwhile, after also surpassing $1,300 at noon, the CCL slows the rise and advances $12.43 (1%) to the $1,297.84.

After four consecutive declines, exchange rates began to rebound in the last hours of Wednesday.We speculate that at these levels, many players start to close some carry trades.“said Nicolas Capella, from Investing in the Stock Market.

Regarding the rumors about a greater intervention of the BCRA in this round, the financial specialist Leonardo Svirsky He told this media that he is not aware of it and that Nor did he see “enormous amounts of bonds to suspect that there is intervention”.

With reserves under pressure, the Ministry of Economy obtained a loan from the IDB

Last month’s losses intensified after the official announcement regarding the start of a new stage of monetary policy, which includes the Use of BCRA reserves to intervene in the CCL pricewith the dual objective of closing the gap and absorbing the $2.4 million that were issued through the purchase of foreign currency in the official market since April.

However, market sources say that the level of intervention was considerably reduced in the last few days, and that the decreases were more due to the sale of corporate securities under the “blend” scheme and money laundering.

This Wednesday Gross international reserves hit their lowest level since January and analysts estimate that net reserves give a negative of more than US$7 billion. A further deterioration is expected in the coming months due to the fact that this is a difficult time for exports, in addition to debt obligations.

The causes of the decrease of the previous day were the Payment of the first installment of the BOPRALES for approximately US$2.5 billionBesides the Intervention in dollar financial marketsaccording to economist Fernando Marull.

During this round a will be cancelled maturity of US$780 million with the International Monetary Fund (IMF) as interest on the current program. Since it is an obligation for “interest” it cannot be postponed until the end of the month, as it was done on other occasions when it had to provide capital.

This drop will be partially offset by the US$647 million in credit to be disbursed by the IDB in early August, the Ministry of Economy reported.

How much is the official dollar trading today, Thursday, August 1st

In the official exchange market, the Wholesale dollar rises $2 to $934.

So far in 2024, the official rate has increased by just 15%against an inflation of over 80% in the same period, which reflects a significant appreciation of the local currency.

How much is the dollar futures trading today, Thursday, August 1?

At Matba Rofex, the future dollar for the end of August falls 0.5% to $961.5while by the end of September it does so by 0.1% to $995Meanwhile, for October the contract is cut by 0.4% to $1,037.0. For December, a decline of 0.1% is recorded to $1,142.

How much is the blue dollar sold for today, Thursday, August 1?

He Blue dollar falls back to $1,365 for sale, According to a survey by Ambit in the caves of the City.

Dollar card price today, Thursday, August 1st

He dollar card or touristand the dollar savings (either solidary) was negotiated on this last day of the month $1,522.40.

Crypto dollar quote today, Thursday, August 1st

He crypto dollar or Bitcoin dollar quoted at $1,316.64 according to Bitso.