MIAMI.- The dollar on the black market (blue) in Argentina halted its devaluation momentum for the second day with a slight exchange rate slide to close at 1,380 pesos. The parallel market in Cuba closed with the same exchange rate as the previous day and the Japanese yen continued to show its appreciation against the US currency.
In Europathe price reached 1,07 breaking its ninth consecutive day at 1.08. The European currency is one of the strongest in the foreign exchange market, where it remains a safe haven for investors.
In United Kingdom, The American currency showed a slight advance, passing to 1,29 pounds sterling. The English currency remains in “his kingdom”, occupying a preferential place in the forex market, after leaving the euro zone in January 2020.
In it Japanese wheel, The American currency suffered a setback 1,87% This Thursday, when its price was placed at 149.55 yen, according to the Japanese currency authority. This currency, along with the dollar, the euro and the pound, is one of the strongest in the foreign exchange market. Analysts say that the Japanese currency is heading towards 140 units.
Quote in Argentina
In Mexicothe dollar was located at 18.70 Mexican pesos, According to the Central Bank aztecawhich sets the guidelines for the exchange market that moves during the day in the buying and selling of banks and serves as the exchange reference for the following day.
The official (retail) exchange rate in Argentinaestablished by the Central Bank, repeated the price of the previous day: 970.88 Argentine pesos. The official exchange rate reduced the gap of more than 100% that it maintained with the parallel market, after the drastic increase implemented by President Javier Milei in order to stabilize the economy. The parallel structure of the so-called Blue dollar, which sets the pace in the economy, advanced 0.7% to reach 1.380 pesos Argentinesa difference of 42% above the official reference.
In Havanathe American currency continues to cling to the 24 Cuban pesos since March 2005 at the official rate, set by the Central Bank of Cuba. While the so-called black dollar remained unchanged and closed at 330 Cuban pesos.
Dollar in Venezuela
In Caracasthe currency rose to 36.63 bolivars in the official market, established by the Central Bank of Venezuela. While in the parallel structure it fell to 41.98 bolivarsa gap of 14,60% with respect to the BCV reference.
In Colombiathe dollar was fixed at 4,060.34 Colombian pesosat the rate set by the Bank of the Republic. In the coffee nation, the annual inflation to June was 7,18%according to figures from the National Administrative Department of Statistics (DANE).
Source: With information from the Central Bank of the different countries and the parallel structures