Dollar today and blue dollar, LIVE: how much does the price open and what is the price this July 5th, minute by minute

Milei, tough on Batakis: “I haven’t lived up to the criticisms, it’s much worse, if it goes down, buy”

Libertarian economist and MP Javier Milei has persisted in recent hours with his criticisms of Silvina Batakis’ appointment as Minister of Economy, saying she was not “up to par” and recommended his followers to buy dollars if the currency drops. a little more.

Batakis took over amid the dollar rally and a “trade vacation” that held back sales

The blue dollar rallied to $ 280 before noon, although in the early afternoon, amid a market with a lot of supply and little demand, it closed again at $ 260. the informal climb was $ 21 pesos a day, the biggest jump in recent times.

The MEP dollar and the contado con liqui, the dollar used by companies, moved at a similar pace, ending at $ 270 and $ 281, thus setting a record for all alternative dollars. Read the full note here.

Batakis called in to take care of the dollars, ruled out a devaluation and said he will plan with companies

After a hot day in the markets due to the parallel dollar surge and the collapse of bonds, the new Minister of Economy, Silvina Batakis, raised the need to plan the use of foreign currency, defended the current exchange rate and ratified the reduction of the fiscal deficit path agreed with the IMF, with which the authorities will meet in the next few hours.

“The reserves that Argentina has must be available for capital goods or for another destination, annual programs must be planned with business people, if we have 70% installed capacity, that supply can continue to grow, we have to plan the use of dollars and reserves, it’s not just a market issue, “Batakis said in an interview with C5N, acknowledging” tensions “over strong demand for foreign exchange. Read more here.

Exchange Gap: Soybean sales are lagging behind and lowest in 19 years

Despite the good international price, agricultural producers are delaying soybean sales due to economic uncertainty in the country. Basically, it is due to the exchange gap that exists – and which has widened today – between the official dollar – to which the producers sell – and the alternative dollar.

According to the latest official data as of June 22, producers have marketed 19.09 million tons of soybeans this year, 44% of the production which reached 43.8 million tons, against 22.9 million tons of the last campaign (50% of the harvest). Read the full note.

Blue dollar, inflation and fiscal surplus: the main definitions of Silvina Batakis

Silvina Batakis premiered the post of Economy Minister on TV and spoke for the first time, beyond the brief statement released at Casa Rosada when she assumed her new role this Monday.

“We need an economy in which the state is solvent. We need an economic program on a path of fiscal balance. We cannot live in a permanent deficit”, launched the new minister in the statements to the C5N where she announced what her guidelines will be management. Read more here.