The blue dollar rose $ 11 in one day and hit highs again, closing at $ 283

In just over a week, the blue dollar reached a maximum price again. The ticket price jumped $ 11 in just one day and broke above $ 280 again, to close at $ 283 the day before June inflation data is released this Thursday.

In the first nine shifts of the month, the free exchange rate has already increased by $ 45. Thus, the exchange rate gap between this price and the wholesale exchange rate that large foreign trade operators have access to is 120%. The Central Bank again accelerated its daily depreciation rate and brought the price to $ 127.82.

While, the financial dollar continues to deflate from the nominal record of $ 300 it broke last Friday. Settled Cash drops 0.5% and trades at $ 290.33; while the MEP dollar, or Stock Exchange, remains below the price of the blue and is available for $ 278. This type of bond buying and selling operation is the only legal way to acquire dollars in Argentina and, subject to time limits , it has no quotas.

Traders indicated that the decline in the financial dollar corresponds, on the one hand, to aa strong official intervention on the bond market and on the other hand, a change of strategy by the BCRA, which, unlike last week, “sucked” all the weights placed on Leliq.

“The BCRA turned on the” vacuum cleaner “and absorbed $ 342,882 million in the 28-day Leliqs auction. In this way, the monetary surplus that hit the CCL last week starts to shrink,” they stressed in Delphos. .

It is difficult for the Central Bank to stop the bleeding of reserves: with a red of 655 million dollars up to this month on the foreign exchange market, this Wednesday it managed to buys only $ 3 million. Market sources indicated that the official wheel was marked with a persistent question dollars for the import of energy, which was about $ 400 million.

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