Dollar today and blue dollar, LIVE: how much is traded and what is its price this July 18th, minute by minute

Keys on the closing of the markets on Friday and expectations on the opening of a new week

– After having known the inflation data for June this Thursday (5.3%), the forecasts speak of a floor of 7% for this month and the estimates of the economists for the year already speak of an inflation that could approach in a base scenario around 90%.

– The week ended with doubts about the ability of Silvina Batakis, Minister of Economy, to support the rollover of the public debt in pesos. On Wednesday it was successful in its first test by raising the effective annual rate and approaching 80%. The next challenge will be the week of 25.

– In these days the Government has announced the increase in the perception of Earnings for the tourism dollar. Are the dollars running out and will there be more stocks?

– Tackling the challenge of inflation and pesos debt will require a high dose of pragmatism and adjustment, also leading to the second dimension of the problems facing the government: Will Cristina Kirchner support future adjustments? All of these fronts (and many more) are what “scares” the markets and this was reflected again at the end of the week.

– Country risk (slightly down yesterday) closed on Friday at 2,754 basis points. It has increased by 380 since Martín Guzmán left two weeks ago.

– The blue dollar rose by $ 4 and closed at $ 293. In the past few weeks it has risen by 22.6%. The acceleration is notorious when you take into account that in the previous two weeks it had risen by 10%. In other words, the speed at which it increased has doubled.

– The liquidity-based exchange rate, which companies use to conduct financial transactions and buy dollars, exceeded $ 300 yesterday and closed at $ 301.5. It also shows a performance similar to that of the blues in terms of how much it increased before and after the departure of Minister Guzmán. Since he left, the increase was 19.5% and before 5.9%.

– Something similar happens with the gaps between different exchange rates. Today the distance between the blue dollar and the wholesaler is 128% when it was 77% a month ago.

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Parallel dollars ended the week at around $ 300 on Friday and are already up 20% for the month

The market ended the week reflecting through its main indicators the distrust that exists on Argentina’s prospects to solve the problems it faces in economic and political matters. Silvina Batakis’ press conference on Monday seems to have been far away, in which it was thought there would be important news. Nothing seems to have changed. Rather what came was the confirmation of the uncertainty that exists. Read more.

Silvina Batakis warned that the lack of dollars is “desperate” and warned of a “very delicate” situation

“Abyss”. The word, as a synonym for “hell,” begins to repeat itself in the conversations government officials have about the economy. And it was discussed at least once during an interview that the new minister Silvina Batakis had in front of a group of ministers. That fear of the abyss, economic and social, is also what would explain the tenuous truce in the ruling party and the (for now) silence of Cristina Kirchner. Read more.