Blue dollar closes at 1555, down for the third consecutive session

The blue dollar closed on Monday, August 3, at 1535 for buying and 1555 for selling, falling by 0.32% during the day. This marks its third consecutive drop, accumulating a decline of 15 from the peak of 1570 reached last week. In contrast, the official wholesale dollar rose by 0.67% to 1495, approaching 1500. The gap between both quotes narrowed to 4%, after reaching its highest level in over six months last week. This dynamic occurred after the official exchange rate fell by 0.8% in the last week of July, closing the month virtually unchanged, with an increase of only 0.2%. The external context aided the appreciation of the peso, with the dollar weakening globally and the DXY index dropping by 1.5% weekly. Private estimates indicate that the BCRA sold 415 million dollars in dollar-linked instruments on July 28, while the Treasury placed another 145 million in the official market. In July, the monetary authority reportedly sold around 1500 million dollars in the secondary market, and its short position in futures may have increased from 492 million in June to 800 million. Despite these interventions, the Central Bank maintained a sustained demand for foreign currency, purchasing 2163 million dollars in July, an average of 103 million daily, the third-best result of 2026. CIARA-CEC reported that the agro-export complex liquidated 2918 million dollars in July, 3% less than in June, accumulating 16297 million for the year.

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