The blue dollar operates at its all-time high and the financials rise again

2023-07-11 16:48:53

After the run that occurred in the last days of April, the parallel exchange markets remained tensely calm, which added to a gradual devaluation of the official exchange rate made it possible to gradually narrow the gap. However, the blue dollar is news once more.

The blue dollar is sold at $497 in the city of Buenos Aires this Tuesday, July 11. This is a historical record in nominal terms and implies an increase of $2 compared to the previous day’s close and $5 so far this week (Monday and Tuesday). This takes place amid the expectation of reaching an agreement with the International Monetary Fund (IMF) and in view of the proximity of the mandatory simultaneous open primary elections (PASO).

It is not the first time that the US currency touches this value in the informal market. The previous occasion took place on April 25, in the midst of the last currency run in our country.. However, in real terms that price was much higher and the gap with the official dollar was above 118% (now it is below 90%).

$497 Price of the blue dollar in the city of Buenos Aires this Tuesday, July 11.

For their part, financial dollars are trading with volatility this Tuesday. The dollar counted with liquidation consolidates above $500: it operates with a rise of 0.72% and is sold at $504.15. The MEP dollar, meanwhile, reversed the initial rise and is operating with a slight drop of 0.08% to $490.

As for shares, the Merval index of the Buenos Aires Stock Exchange fell 0.48% this Tuesday, and It is the fourth fall in the last 5 days. Finally, the country risk falls once more but remains above 2,000 basis points.


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