The gaps with the official exchange rate remained around 72% / 73%, the same levels as last week. The regulated CCL closed just above $ 167 but the “unregulated” was between $ 178 and $ 180 according to market sources.

The dollar financial rebounded to the upside this week but remained below solidarity from the constant intervention of public bodies in the bag. The gaps with the official exchange rate remained around 72% / 73%, the same levels as last week.

The MEP dollar registered its sixth consecutive increase this Friday and ended the day at $ 166.48 . In this way, it climbed 0.1% (nine cents) compared to the previous session and in the week accumulated a rise of 0.6% (98 cents).

For its part, the CCL ended at $ 167.17 , 0.1% (23 cents) above Thursday and 0.6% ($ 1.01) higher compared to last Friday.

As has been happening on a daily basis, during the first hours of the round, prices operated with significant increases, which led to the gap with the official exchange rate to a level higher than 77%. Then the Central Bank (BCRA) and ANSES appeared with their usual bond sales, which managed to cut the raises.

In this framework, stock exchange rates ended at prices similar to those shown in the prior to the new official regulations.

It should be remembered that since last week the new controls have been in force, which included the reduction by half of the limit of operations that can be carried out with the bonds that are used to buy financial dollars.

As a result of the new coordinated measures between the BCRA and the CNV, alternative channels were revitalised to acquire foreign currency with legal methods. From this type of operations, which contemplate the transactions carried out in the Bilateral Trading Segment (Senebi) and others carried out on the usual platform but with Ledes, Cedears or ADRs, the so-called “free CCL” or “non-regulated CCL” gained relevance. “.

Market sources assured that the “Dollar ADR”, calculated based on all the ADRs traded, weighted by their volume, stood at $ 180.67 this Friday . Other operators highlighted that the “Cedear Dollar” was around $ 178 / $ 179 . These values ​​are located closer to the blue dollar, which this day reached a new nominal maximum of 2021.

Dollar blue

The blue dollar scored its eighth consecutive rise this Friday, climbing to $ 185 , to be only $ 10 from its historical peak, reached in October 2020.

The informal rose 50 cents , according to a survey in the City of Buenos Aires. In this way, the spread with the wholesale exchange rate reached 91.9%, its highest level since January 4 .

Since Wednesday of last week, the informal price accumulated an increase of $ 9, while so far in July it registered an advance of $ 17 (+ 10.1%).

“All alternative dollars jumped after the BCRA and the CNV released the new regulations. Not because these restrictions directly affect the blue but because of the message, which implies that there are problems to control the dollars. He adds that in the last 30 days the monetary issue increased 11%, which also puts pressure on parallel exchange rates, ” Finance specialist Christian Buteler explained to this medium.

The pressures on the exchange gap occur in a context in which savers increase their demand for coverage in view of the proximity of the legislative elections and in view of the expectation that in the coming months the availability of foreign currency of the BCRA will suffer a decline.

Even so, it is worth noting that for the moment the monetary authority continues to increase its reserves, which this week exceeded US $ 43,000 million for the first time in almost a year.

Official dollar

The wholesale dollar increased by just one cent and reached $ 96.42 , under the constant regulation of the Central Bank. In the week it accumulated an increase of 0.21% (20 cents), the lowest in the last three weeks.

The genuine offer became somewhat more intense in the second part of the session, diluting the rise in prices that corrected downwards, remaining on the end at the lows of the date. The monetary authority took advantage of the closing of the excess supply, to be left with a positive balance of almost US $ 20 million .

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In this way, the entity led by Miguel Pesce accumulated some US $ 145 million in the week and in the month it already acquired more than US $ 1,050 million through its intervention in the official exchange market.

“The income flow of grain and oilseed exporters continued at a good pace this week , contributing to the official strategy to meet purchase requests to meet foreign commitments and to absorb the remainder of the supply, in a cycle that for now is favorable to the objectives of the Central Bank in this matter, “said Gustavo Quintana, from PR Corredores de Cambio.

The saving dollar or solidarity dollar -which includes 30% of the COUNTRY tax, and 35% on account of Profits- grew 10 cents to $ 167.89. In this way, it registered its lowest weekly increase since May (0.1%).

The American Intel Corp., one of the world’s leading manufacturers of computer components, in the second quarter of 2021 reduced its net profit by 1% – to $ 5.06 billion compared to $ 5.11 billion in the same period last year.

At the same time, earnings per share increased to $ 1.24 from $ 1.19 a year earlier, according to a press release from Intel.

Intel’s profit excluding one-off factors was $ 1.28 per share, compared with $ 1.23 per share a year earlier.

The company’s quarterly revenue fell by less than 1% – to $ 19.63 billion from $ 19.73 billion, but its decline was noted for the fourth quarter in a row.

Analysts polled by FactSet, on average, predicted Intel’s adjusted earnings of $ 1.07 per share on revenue of $ 17.81 billion, the company itself – at $ 1.05 per share and $ 18.9 billion.

The quarterly revenue of the Client Computing Group (CCG, including the production of processors for PCs), the largest for the company, increased by 6%, to $ 10.1 billion, with an average forecast of experts of $ 10.03 billion.

At the same time, DCG’s data center equipment division showed a 9% decrease in revenue to $ 6.5 billion. The result was better than the consensus forecast of $ 5.84 billion.

The revenue of the business in the field of the Internet of Things (IoT) increased by 47%, to $ 984 million, against the forecast of analysts at $ 901.5 million.

Intel predicts third-quarter revenues of about $ 19.1 billion, or $ 18.2 billion excluding the memory chip business, and earnings per share of $ 1.08. Analysts on average forecast $ 1.09 per share adjusted earnings on $ 18.11 billion in revenue.

The company raised its forecast for revenue excluding this business for the entire current year by $ 1 billion, to $ 73.5 billion from the previously expected $ 76.5 billion, adjusted earnings – to $ 4.8 per share from $ 4.6 per share.

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Intel CEO Pat Gelsinger noted that the problem of chip shortages in the global market is likely to persist in 2023. According to him, it may take one to two years to restore the balance of supply and demand in the industry.

Intel shares lost 2.6% during additional trading on Thursday. The company’s capitalisation has increased by 12.3% since the beginning of the year.

The US automaker General Motors has another problem with its Chevy Bolt electric car.

General Motors has to order the car back to the workshops for the second time due to the risk of fire.

Last week, GM advised Chevy Bolt owners to park their vehicle outside as a precautionary measure after two recently repaired vehicles caught fire. They were also advised not to leave their cars on at night.

The investigations of the fire have shown that manufacturing defects in certain battery cells were the cause, GM announced.

General Motors announced Friday a second recall of the all-electric Chevrolet Bolt to address a battery defect blamed for recent car fireshttps://t.co/0eNpLacqg6

— AFP News Agency (@AFP) July 23, 2021

GM recalled just under 69,000 model year 2017-2019 bolts to repair shops in November, including 51,000 that were sold in the United States. At that time, the group announced that there was a risk of fire for the plug-in models in connection with the lithium-ion batteries. As part of the recall, the loading capacity should be limited to 90 percent until a permanent solution can be found.

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“Unfortunately, the software update was not effective enough to eliminate the safety risks in the vehicle, hence the second recall,” said a GM spokesman.
GM shares then temporarily fell 0.47 percent to $ 55.38 on the NYSE.