2023-06-12 16:37:35
With the end of the soybean dollar, the low and decreasing level of reserves of the Central Bank and with expectations regarding the inflation data for May and the renegotiation of the agreement with the International Monetary Fund (IMF), the foreign exchange markets operate in a tense calm. How much is the dollar trading today?
The blue dollar remains stable this Monday June 12 and is sold at $483 in the city of Buenos Aires, the same value registered at the close of business on Friday. Last week its price had accumulated a decrease of $7, the biggest weekly drop in 4 months.
The case of the stock market prices is different, whose upward trend continued last week and is not interrupted on Monday’s session. The MEP dollar (or stock market dollar) rises more than $4 this Monday and trades at $477.87, very close to the blue dollar. Meanwhile, the dollar counted with liquidation is up just over $2, at $481.53.
- $483
- Price of the blue dollar in the city of Buenos Aires this Monday, June 12.
In all cases, the gap with the official wholesale dollar remains at high levels, but below 100%. These values take place in a context marked by a permanent bleeding of reserves from the coffers of the Central Bank (last week it lost US$ 228 million) and by an official exchange rate that increases below the inflation rates, deepening the exchange rate lag.
The market is waiting for the inflation data for the month of May and closely follows the course of the renegotiation of Argentina’s agreement with the IMF.
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