After lying dormant through the first half of the year, the dollar — that great Argentine obsession — woke up in June, climbing more than 5% over the month to its highest level since October 2025.

On June 30, the U.S. currency rose to 1,482 pesos on the wholesale market — the one available to large companies, financial institutions and banks — a monthly increase of 5.3%.

In the retail segment, the rise was slightly smaller, at 4.9%, closing June at 1,500 pesos, according to the rate quoted by Banco Nación, Argentina’s largest public bank.

The blue dollar — the rate sold on the informal market — rose 6%, to 1,515 pesos on the sell side.

These increases mark a significant shift from the first five months of the year, when the dollar traded between 1,350 and 1,450 pesos.

Economist Federico Glustein told the Herald that “a seasonal factor of demand and hedging typical of June and July” explains the........

© Buenos Aires Herald