29/06/2026 22:11 - Economia
The Dow Jones Industrial Average closed on Monday, June 29, 2026 above 52,000 points for the first time in its history, in a session reflecting investor optimism following signs of de-escalation in the US-Iran conflict and a judicial decision preserving the Federal Reserve's independence.
The US Supreme Court ruled that Federal Reserve Governor Lisa Cook would remain in her position, rejecting attempts by Donald Trump's administration to remove her. This decision preserves the independence of the US central bank and generated confidence in the markets.
Additionally, reports of an agreement between the US and Iran to halt reciprocal attacks contributed to the positive trend, allowing peace talks to continue and reducing geopolitical uncertainty that had previously strained markets.
Alphabet (Google) was added to the Dow Jones index, replacing Verizon. This change significantly increases the weighting of the oldest Wall Street index toward advanced technology sectors such as cloud computing, agentic artificial intelligence, and digital advertising.
The wholesale dollar closed at $1,481.50 Argentine pesos, its highest level since November 3, 2025. In June, it accumulated a rise of 5.2% ($73.50), though in 2026 it has only advanced 1.8% compared to inflation near 16% in the first semester.
| Exchange Rate | Value | Change |
|---|---|---|
| Wholesale Dollar | $1,481.50 | +0.3% |
| Banco Nación Dollar (sell) | $1,495 | Unchanged |
| Average Retail Dollar | $1,498.22 | - |
| Blue Dollar (parallel market) | $1,510 | -0.3% |
The "dólar blue" is Argentina's parallel or unofficial exchange rate, traded in informal markets. It typically trades at a premium to the official rate due to currency controls. For foreigners, this is the rate most commonly used when exchanging cash in Argentina.
Trading Volume: USD 818 million (highest since April 24). Central Bank (BCRA) purchased: USD 25 million (only 3.1% of private supply).
Oil prices recovered moderately following the US-Iran agreement:
Brent (North Sea):
USD 72.89/barrel (+1.3%)
WTI (Texas):
USD 70.52/barrel (+1.9%)
The international reserves of the BCRA fell by USD 415 million to USD 46.666 billion, the lowest level since May 20, affected by the drop in gold prices (-1.7%) and payments to international organizations.
Analysts highlight that Argentina's banking sector shows stabilization signals: margins are improving, loan delinquency is decelerating, and profitability is rebounding from lows. However, current valuations already discount an demanding recovery. The exchange rate band scheme keeps the official exchange rate at 21.9% of the ceiling set at $1,805.38.
The "country risk" (riesgo país) measures the premium investors demand to hold Argentine debt compared to US Treasuries. A lower number indicates greater confidence in the country's ability to meet its obligations. The 431 basis points level represents one of the lowest readings in recent years.
Alfredo S. Quiroga
