The MEP dollar rose nearly $30 in the short week and erased the entire post-legislation downside momentum

The financial dollar closed higher this Wednesday, June 19, This followed several days of calm in the exchange market after a series of positive developments for the government, which gave investors more certainty. The operation took place in the middle of the holidays in the US, which removes the reference to the CCL, and before the XL weekend locally.

Dollar while MEP jumped 2.3% ($28.32) to $1,273.81 that “counted with liquid” broke his slump streak and rebounded 2.2% ($27.46) to join the $1,291.63.

Thus, Difference The official exchange rate between “cables” reached 42,3%After closing below 40% on Tuesday, something that had not happened since May 31.

CCL had contracted around $50 in the last six rounds, while MEP also recorded a significant drop to $32.80 after the approval of the base law, but it has since regained almost all the lost ground as it has risen since Friday to a high of $32.71.

It is worth remembering that the financial markets only had two days of activity this week due to the holidays in memory of the “Passage to the Immortality of General Martín Miguel de Güemes” and “Flag Day”, as well as the long weekend tourist set up for Friday.

A positive week for the government brought calm to the markets

Between Wednesday and Thursday last week, the government received two important “approvals”. On the one hand, it got Swap renewal with China, which implies a saving of US$5,000 million for June and July, and on the other hand, Senate approves Aadhaar ActThe package of liberal reforms was well received by the markets.

Although it represents the first legislative victory of the Xavier Miley government, the original project has undergone a large number of amendments, which must be endorsed by the deputies.

In parallel, the IMF validated and thus activated the review of the goals of the agreement with Argentina New disbursement of US$800 millionINDEC announced Lowest monthly inflation data since January 2022 And this Tuesday the Ministry of Economy announced Fifth consecutive month with fiscal surplusBasically achieved by sharp adjustments in spending and income tax contributions.

Investors want clarity on monetary policy

While the Central Bank maintains a crawling peg in the order of 2% monthly for the wholesale exchange rate, a report from the International Monetary Fund (IMF) released on Monday indicated that the country remains committed to eliminating the export liquidation plan under the ‘dollar mix’ modality, through which they can settle 80% of their currencies at the official value and 20% at the CCL, although Finance Secretary Pablo Quirno has ruled out a change to the current plan.

In the context of lower liquidations from exporters and increased demand for foreign currency, the pace of central purchases is at its lowest since Miley took charge.With an average of US$1 million over the last five days and US$13 million over the last ten days.

“The BCRA should clarify what its monetary and exchange rate policy will be in the future, in order to shed some light on what might happen in terms of investment,” said economic analyst Salvador Di Stefano.

After the above favorable economic data for the ruling party, investors are once again looking at political issues that give the government more support to implement its policies.

“The focus of the week will continue in Congress, since, after the approval of the Bases Law and the Fiscal Package in the Senate, both projects must be approved by the Lower House to be converted into law,” the compensation and Puente agreement said.

How much was the official dollar worth today, Wednesday, June 19?

In the official exchange market, The wholesale dollar rose $2.50 to $907.50. The economist highlighted, “In the week just ended, the wholesale exchange rate rose by $4.00, just below the $4.50 increase recorded in the previous week.” Gustavo Ber,

What did the future dollar trade at today, Wednesday, June 19

in the contracts of Future Dollarcitation for the purposes of june I remained in $917, while by the end of july 0.1% ahead of $952.50. end of august Cut down by 0.1% $992.00 and towards end of the year fell 0.3% $1,181.50.

How much did the blue dollar operate at today, Wednesday, June 19?

He The blue dollar fell For sale $1,300According to a survey of Limit in the caves of City,

Dollar card price today, Wednesday, June 19

He Dollar card or tourist cardAnd this Saving Dollars (one of two Hamdard) climbed on $1,479.20.

Crypto dollar price today, Wednesday, June 19

He crypto dollar or bitcoin dollar It works on $1,297.05, According to Bitso,