MIAMI.- This Tuesday, July 2ndhe dollar increase 2,88% its value on the black market in Argentina, while it increased 1,18% in the of Venezuela and backed away 1,40% in the of Cuba. Meanwhile, it continues without showing any variations in Europe and the United Kingdom, and records a small growth in Japan.
In Europathe American currency remains in 1,07 eurosfor the third consecutive close. The old continent’s currency is one of the most robust within the Forex market, where it remains a refuge for investors.
In United Kingdomthe currency is located at 1,26 pounds sterlingfor the eighth consecutive day. The English currency remains in “his kingdom”, occupying a preferential place in the foreign exchange market, after leaving the euro zone in January 2020.
The dollar suffers a slight increase in the Japanese marketpassing from 161.17 to 161.64 yen. This Asian currency, along with the dollar, the euro and the pound, is one of the strongest on the foreign exchange market, despite the fact that this year it has lost value against the American currency.
The dollar grows in Argentina
In Mexicothe American currency advanced 0,77% to reach the 18,38 Mexican pesos in the Official Gazette of the Federation (DOF). In the Aztec nation, the Central Bank establishes the guidelines in the foreign exchange market and this changes during the day in the purchase and sale of the banks and serves as the exchange reference for the following day.
The official rate in Argentinaestablished by the Central Bank, grew 0,37% to settle in 953.98 Argentine pesos. The official exchange rate reduced the gap of more than 100% that it maintained with the parallel structure, after the drastic increase implemented by President Javier Milei in order to stabilize the economy. In the parallel structure of the so-called Blue dollar, which during the past administration set the pace in the economy, it has an advantage of 50%. In this exchange rate arena, the currency soared 2,88% to achieve the 1.430 Argentine pesos.
In Havanathe dollar remains anchored to the 24 Cuban pesos since March 2005 in the official market, set by the Central Bank of Cuba. While, in the so-called parallel or black market, whose value is almost 15 times higher, it fell 1,40% to return to the 350 pesos Cubans.
Quote in Venezuela
In Venezuelathe American currency rose to 36.45 bolivars in the official quotation, established by the Central Bank of Venezuela. While in the parallel structure, it experienced an increase of 1,18%after several days of decline, to advance to the 40.50 bolivars.
In Colombiathe currency did not suffer alterations this Tuesday, so it remains at 4,148.04 Colombian pesosat the rate set by the Bank of the Republic. In the coffee nation, the annual inflation to May was 7,16%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
