The blue dollar rises again and reaches $1,360

The blue dollar rises $30 and sets a new nominal record by reaching $1,360 for sale on Tuesday. This increase drives the upward trend of recent weeks: in the last month, the currency registered a rise of $155.This new rise in the currency occurs in a context of tense negotiations over the Bases Law and the Fiscal Package, which the Government expects to be definitively approved this Thursday after a new debate in the Chamber of Deputies. It also coincides with the first short circuits between the national government and the International Monetary Fund (IMF). A couple of weeks ago, the IMF approved the eighth review of the agreement with Argentina and released a disbursement of 800 million dollars. However, in its latest report, the organization called for a devaluation, something that was denied by President Javier Milei and his Minister of Economy, Luis Caputo.In addition, in a recent interview with Radio Mitre, the president charged – without naming him – against the director for the Western Hemisphere of the IMF, the Chilean Rodrigo Valdés, whom he accused of turning a “blind eye” to the liabilities accumulated in the Central Bank. the MEP is trading at $1300.28, while the Spot Con Liquidación (CCL) remains stable at $1313.The country risk, measured by JP Morgan, meanwhile, remains at 1441 basis points, just below Monday’s close.

Original source in Spanish