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The blue dollar reached another nominal record in Argentina; in Uruguay it rose for the seventh day

The Dolar blue fired again this Wednesday on the neighboring shore. The parallel recorded an increase in Argentine pesos (A$) 11 to continue with the strong volatility and reach a new nominal historical maximum. At the same time, it once again exceeded the price of the dollar MEP, which operated with relative stability.

Tensions in the exchange market remain firm and market operators remain attentive to the next signs of the new Minister of Economy, Silvina Batakis, after last Monday she gave her first press conference to present her management plans.

With this new increase, the price of the blue dollar settled at A$ 278 for purchase and A$ 283 for sale.. In this way, it widened the gap to more than 121% with respect to the wholesale official exchange rate and close to 110% in relation to the retail average.

Meanwhile, the financial prices of the dollar ended the session with moderate upward and downward variations.

official dollar

Regarding the official exchange rate, the retailer increased to A$135 in Banco Nación and A$135.15 in the average of financial entities. The wholesaler, meanwhile, advanced 23 cents to end the day at A$127.82, with which the Central Bank continues to accelerate the rate of daily devaluation.

On the other hand, the monetary authority returned to obtain an almost neutral balance after its intervention in the official foreign exchange market. In this way, the negative balance accumulated so far in July remains around US$ 640 million, according to private market estimates.

Seventh climb in a row in Uruguay

In the Uruguayan foreign exchange market, the dollar registered a slight rise (0.17%) in the average of wholesale transactions this Wednesday, which was $41.07. Meanwhile, the The last operation that was agreed through Bevsa was at $41.25 (+0.61%).

The dollar thus chained its seventh day of appreciation against the Uruguayan peso and so far in July it has advanced 3%. Compared to the last operation of last year, it is still 8.1% below.

On the BROU public board, the dollar closed at $40.05 for purchase and $42.45 for sale.

On the other hand, in the Brazilian exchange market the dollar fell 0.6% this Wednesday, with a real at 5.40 units, in a day where the Ibovespa lost 98 thousand points and ended at its lowest level since November 4 of 2020.

With El Cronista-RIPE

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