Blue dollar, LIVE: how much does its price open and what is the price this July 20th, minute by minute

For US economists, the country could experience an even more severe currency crisis

A study by three economists from the Dallas Federal Reserve places the Argentine economy in the last position of prospects facing a list of developing countries to face an interest rate hike in the United States.

Argentina, according to research by Scott Davis, Michael Devereux and Changhua Yu, it is one of two economies with an inadequate level of reserves, this is negative, if the amounts of short-term dollar debt (essentially to the IMF) and the balance of payments result are discounted from the currencies held by the Central Bank. The other country in a similar situation to Argentina is Turkey. Read more.

The dollar’s escalation affects business costs and increases price pressure

The jump that the blue dollar made this Tuesday when it hit an all-time high of $ 302, as well as the blow of the financial dollars on a hectic day for the markets, did nothing but double the pressure on the inflationary level which is already reaching. 64% annually.

In July, the retail price index, not yet officially known, would have reached, according to consultants, a minimum threshold of 7%, due to the previous rise in the currency – when the former minister Martín Guzman resigned – and the ‘tightening of stocks. Yesterday the shock of the city threatened inflation again: the free dollar went up by 10 dollars in a few hours; it hit $ 302 and closed at $ 301. And the CCL dollar, the one used by companies to obtain foreign currency, also rose to $ 304. Read more.

With blue at $ 300, the demand for hedging in the futures market is skyrocketing

The strong uncertainty that exists in the financial market has led to a request for hedging from investors and companies seeking to avoid the effects of a possible devaluation.

With the blue dollar at $ 300 and liquidity liquidity close to $ 307, demand for the future dollar increased again this Tuesday. At the close of the session, about 604 million dollars had been traded on the Rofex, almost 25% of what had been traded the previous day. In any case, the contracts are agreed and settled in pesos, taking the official wholesale dollar as a reference. There are no dollar bills at stake, neither from the BCRA nor from the counterparties. If someone agreed to sell dollars at $ 130 and the wholesale dollar closed at $ 133, the one who failed in his bet pays the difference of 3 pesos. These settlements are made at the end of each wheel. Read more.

Financial dollars do not stop the rise: the CCL touched 308 dollars

The CCL, the dollar used by companies to obtain foreign currency, exceeded $ 308. The MEP, also known as the “stock dollar”, is $ 296.92.

The blue dollar does not stop and has jumped to $ 300, the exchange gap to 135% and the nervousness in the government grows

The blue dollar continues at a rapid pace the rally that began 50 days ago and which led it to increase by 95 pesos in seven weeks. This Tuesday it closed at $ 301 in downtown Buenos Aires, while in and around the city it is already close to $ 310.

The informal jumped 10 pesos in one day and broke the $ 300 barrier just hours after President Alberto Fernández started blaming tourists for rising prices. The president’s decision to side with Cristina Kirchner in her attack on the judiciary has also fueled the foreign exchange market. Read more.