{"id":19931,"date":"2026-07-31T16:26:55","date_gmt":"2026-07-31T19:26:55","guid":{"rendered":"https:\/\/cliente1.publisher.highstack.com.ar\/?p=19931"},"modified":"2026-07-31T16:26:55","modified_gmt":"2026-07-31T19:26:55","slug":"el-dolar-bajo-por-tercer-dia-consecutivo-y-volvio-a-quedar-por-debajo-de-la-inflacion-en-julio","status":"publish","type":"post","link":"https:\/\/cliente1.publisher.highstack.com.ar\/?p=19931","title":{"rendered":"El d\u00f3lar baj\u00f3 por tercer d\u00eda consecutivo y volvi\u00f3 a quedar por debajo de la inflaci\u00f3n en julio"},"content":{"rendered":"<div class=\"visual__image image-initial-width\"><picture><source srcset=\"https:\/\/www.infobae.com\/resizer\/v2\/4XDXSLA5ENBD7OVNPFVJ262LIQ.jpg?auth=65a5d8436edf95508aad044300f6aca314afc6ac55356776a30830223bb69ceb&amp;smart=true&amp;width=992&amp;height=558&amp;quality=85\" media=\"(min-width: 1000px)\"><\/source><source srcset=\"https:\/\/www.infobae.com\/resizer\/v2\/4XDXSLA5ENBD7OVNPFVJ262LIQ.jpg?auth=65a5d8436edf95508aad044300f6aca314afc6ac55356776a30830223bb69ceb&amp;smart=true&amp;width=768&amp;height=432&amp;quality=85\" media=\"(min-width: 768px)\"><\/source><source srcset=\"https:\/\/www.infobae.com\/resizer\/v2\/4XDXSLA5ENBD7OVNPFVJ262LIQ.jpg?auth=65a5d8436edf95508aad044300f6aca314afc6ac55356776a30830223bb69ceb&amp;smart=true&amp;width=577&amp;height=325&amp;quality=85\" media=\"(min-width: 580px)\"><\/source><source srcset=\"https:\/\/www.infobae.com\/resizer\/v2\/4XDXSLA5ENBD7OVNPFVJ262LIQ.jpg?auth=65a5d8436edf95508aad044300f6aca314afc6ac55356776a30830223bb69ceb&amp;smart=true&amp;width=420&amp;height=236&amp;quality=85\" media=\"(min-width: 350px)\"><\/source><source srcset=\"https:\/\/www.infobae.com\/resizer\/v2\/4XDXSLA5ENBD7OVNPFVJ262LIQ.jpg?auth=65a5d8436edf95508aad044300f6aca314afc6ac55356776a30830223bb69ceb&amp;smart=true&amp;width=350&amp;height=197&amp;quality=85\" media=\"(min-width: 80px)\"><\/source><img alt=\"D\u00f3lares\" class=\"global-image\" decoding=\"async\" fetchpriority=\"high\" height=\"563\" loading=\"eager\" src=\"https:\/\/www.infobae.com\/resizer\/v2\/4XDXSLA5ENBD7OVNPFVJ262LIQ.jpg?auth=65a5d8436edf95508aad044300f6aca314afc6ac55356776a30830223bb69ceb&amp;smart=true&amp;width=350&amp;height=197&amp;quality=85\" width=\"1000\"><\/picture><\/div>\n<div class=\"sharebar-container display_flex sharebar-new\" style=\"opacity:1\">\n<div class=\"share-bar-article-date-container \"><span class=\"sharebar-article-date\">31 Jul, 2026 03:04 p. m. EST<\/span><\/div>\n<div class=\"sharebar-buttons-container display_flex\">\n<div aria-label=\"Guardar\" class=\"sharebar-buttons button-save\" role=\"button\" tabindex=\"0\"><svg width=\"9\" height=\"12\" viewbox=\"0 0 8 10\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"saved-icon saved\"><path d=\"M6.64286 0.5V9.31687L4.1116 7.16407L4.11106 7.16361C3.79894 6.89891 3.34392 6.89891 3.03179 7.16361L3.03126 7.16407L0.5 9.31687V0.5H6.64286Z\"><\/path><\/svg><span class=\"buttons-save-text\">Guardar<\/span><\/div>\n<div class=\"sharebar-buttons-separator\"><\/div>\n<p><button class=\"sharemenu-buttons display_flex\" aria-label=\"Compartir en Telegram\"><svg width=\"38\" height=\"38\" viewbox=\"0 0 38 38\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><rect x=\"0.5\" y=\"0.5\" width=\"37\" height=\"37\" rx=\"18.5\" fill=\"white\"><\/rect><rect x=\"0.5\" y=\"0.5\" width=\"37\" height=\"37\" rx=\"18.5\" stroke=\"#C2C2C2\"><\/rect><path d=\"M24.9696 12.5511L10.3405 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11.8465 11.8055 11.0041 12.787 11.0041C12.8426 11.0041 12.8982 11.0041 12.9537 11.0041C13.9445 10.9363 14.7963 11.7206 14.8611 12.7567C14.8611 12.7954 14.8611 12.8438 14.8611 12.8825C14.8426 13.9283 14.0278 14.761 13.0278 14.7416C12.9907 14.7416 12.9537 14.7416 12.9259 14.7416H12.9074C11.9259 14.8191 11.0741 14.0445 11 13.0181C11 12.9697 11 12.931 11 12.8825H11.0093Z\" fill=\"#555555\"><\/path><\/svg><\/button><button class=\"sharemenu-buttons display_flex\" aria-label=\"Compartir en Twitter\"><svg width=\"38\" height=\"38\" viewbox=\"0 0 38 38\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><rect x=\"0.5\" y=\"0.5\" width=\"37\" height=\"37\" rx=\"18.5\" fill=\"white\"><\/rect><rect x=\"0.5\" y=\"0.5\" width=\"37\" height=\"37\" rx=\"18.5\" stroke=\"#C2C2C2\"><\/rect><path d=\"M11.0391 11L17.2165 19.8249L11 27H12.399L17.8415 20.7182L22.2389 27H27L20.475 17.6786L26.2613 11H24.8623L19.85 16.7855L15.8001 11H11.0391ZM13.0965 12.101H15.2838L24.9423 25.8987H22.7551L13.0965 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18.9315H20.2236V27H17.3629L17.3544 26.9921Z\" fill=\"#555555\"><\/path><\/svg><\/button><button class=\"sharemenu-buttons display_flex\" aria-label=\"Compartir en Whatsapp\"><svg width=\"38\" height=\"38\" viewbox=\"0 0 38 38\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><rect x=\"0.5\" y=\"0.5\" width=\"37\" height=\"37\" rx=\"18.5\" fill=\"white\"><\/rect><rect x=\"0.5\" y=\"0.5\" width=\"37\" height=\"37\" rx=\"18.5\" stroke=\"#C2C2C2\"><\/rect><path d=\"M21.2863 19.9439C21.0997 19.8551 20.9664 19.9262 20.8419 20.0861C20.6731 20.3261 20.4687 20.5483 20.2909 20.7794C20.1665 20.9393 20.0243 20.9749 19.8376 20.8949C18.6645 20.4239 17.7757 19.6506 17.1269 18.5841C17.0292 18.4242 17.038 18.2997 17.1536 18.1575C17.3225 17.9531 17.4824 17.7576 17.6157 17.5354C17.678 17.4287 17.7135 17.2599 17.678 17.1532C17.4735 16.6111 17.2425 16.0867 17.0114 15.5535C16.9669 15.4557 16.8781 15.3313 16.7892 15.3224C16.4248 15.2602 16.0426 15.1891 15.7316 15.4912C15.1094 16.0778 14.8784 16.7977 15.0383 17.6243C15.1805 18.3619 15.5983 18.9663 16.0426 19.5618C16.887 20.6638 17.8646 21.6237 19.1622 22.1925C19.7932 22.4769 20.4331 22.7613 21.1441 22.7613C21.2685 22.7613 21.393 22.7613 21.5085 22.7346C22.4506 22.5391 23.1172 22.0058 23.0816 21.0193C23.0816 20.9216 23.0194 20.7794 22.9483 20.7438C22.3973 20.4594 21.8462 20.2017 21.2863 19.9439Z\" fill=\"#555555\"><\/path><path d=\"M26.9482 17.8724C26.3972 13.4642 22.1401 10.3447 17.7229 11.1179C12.6481 11.9977 9.71521 17.2859 11.6883 21.9963C12.1948 22.6629 12.0615 23.3472 11.8216 24.0849C11.5105 25.027 11.2794 26.0046 11.0039 27C11.1194 26.9733 11.1994 26.9644 11.2794 26.9378C12.5059 26.6178 13.7324 26.3068 14.9411 25.9868C15.1544 25.9335 15.3144 25.9602 15.5099 26.0579C17.1719 26.8667 18.9227 27.0978 20.718 26.7067C24.833 25.7913 27.4548 22.0496 26.9305 17.8902L26.9482 17.8724ZM20.0515 25.4624C18.4784 25.7113 17.003 25.3913 15.6166 24.6003C15.5099 24.5381 15.3411 24.5115 15.2077 24.547C14.4612 24.7248 13.7146 24.9292 12.9147 25.1336C13.1192 24.3693 13.3058 23.6672 13.5102 22.9473C13.5635 22.7606 13.5369 22.6273 13.4391 22.4673C11.0039 18.5479 13.1014 13.5442 17.6163 12.5043C21.2868 11.6511 25.0285 14.1841 25.5884 17.908C26.1395 21.5519 23.6954 24.8936 20.0515 25.4624Z\" fill=\"#555555\"><\/path><\/svg><\/button><\/div>\n<\/div>\n<p class=\"paragraph\" data-paragraph-number=\"1\">Con importante volumen operado en el segmento de contado de USD 686,2 millones, el <b>d\u00f3lar mayorista rest\u00f3 tres pesos a 1.485<\/b> pesos. Despu\u00e9s de tres bajas consecutivas, el tipo de cambio redujo la ganancia del mes de julio a solo tres pesos o 0,2%, para volver a perder contra la inflaci\u00f3n, estimada por las consultoras levemente debajo de 2 por ciento.<\/p>\n<div class=\"marfeel-recommender marfeel-recommender-1\"><\/div>\n<p class=\"paragraph\" data-paragraph-number=\"2\">\u201cEn la semana finalizada hoy el tipo de cambio mayorista baj\u00f3 12 pesos, muy lejos de la suba de 19 pesos registrada en la semana anterior\u201d, indic\u00f3 <b>Gustavo Quintana<\/b>, agente de PR Corredores de Cambios.<\/p>\n<div class=\"inline ad-wrapper dfpAd ad-inline ad-text ad-component-container\" style=\"--ad-shell-height:250px;--ad-shell-width:300px\" data-ad-wrapper=\"arcad\" data-ad-type=\"inline\" data-ad-slot=\"infobae\/economia\/nota\/inline\" data-ad-container=\"dfp\" data-ad-slot-name=\"infobae\/economia\/nota\/inline\">\n<p class=\"ad-shell-label\">PUBLICIDAD<\/p>\n<div id=\"infobae\/economia\/nota\/inline\" class=\"infobae\/economia\/nota\/inline arcad ad-slot-node ad-slot-node--boxed\" data-ad-slot-id=\"infobae\/economia\/nota\/inline\"><\/div>\n<\/div>\n<div id=\"fusion-static-enter:raw_html_raw_html3\" style=\"display:none\" data-fusion-component=\"raw_html_raw_html3\"><\/div>\n<div class=\"rawHTML raw_html \">\n<div class=\"infogram-embed\" data-id=\"601864bd-f60a-4077-b89a-2364c585f9cb\" data-type=\"interactive\" data-title=\"D\u00f3lar 2025 y bandas de flotaci\u00f3n\"><\/div>\n<p><script>!function(e,n,i,s){var d=\"InfogramEmbeds\";var o=e.getElementsByTagName(n)[0];if(window[d]&&window[d].initialized)window[d].process&&window[d].process();else if(!e.getElementById(i)){var r=e.createElement(n);r.async=1,r.id=i,r.src=s,o.parentNode.insertBefore(r,o)}}(document,\"script\",\"infogram-async\",\"https:\/\/e.infogram.com\/js\/dist\/embed-loader-min.js\");<\/script><\/div>\n<div id=\"fusion-static-exit:raw_html_raw_html3\" style=\"display:none\" data-fusion-component=\"raw_html_raw_html3\"><\/div>\n<p class=\"paragraph\" data-paragraph-number=\"3\">El d\u00f3lar mayorista termin\u00f3 el mes a 359,87 o 24,2% de la banda superior del esquema cambiario, en 1.844,87 pesos. En base a una inflaci\u00f3n minorista de 1,9% en junio, el techo de las bandas se ampliar\u00e1 a fin de agosto a $1.879,92, esto es 364,92 pesos m\u00e1s que el contrato de <b>d\u00f3lar futuro para el cierre del mes pr\u00f3ximo en 1.515 pesos<\/b>.<\/p>\n<div class=\"marfeel-recommender marfeel-recommender-3\"><\/div>\n<p class=\"paragraph\" data-paragraph-number=\"4\"><b>Gustavo Ber<\/b>, economista del Estudio Ber, expres\u00f3 que \u201csuperando el \u2018efecto Lelink\u2019, el d\u00f3lar mayorista transita otra rueda de mayor calma y as\u00ed es que sigue en los $1.490, aflojando algo tambi\u00e9n por el repunte de las tasas cortas que podr\u00eda ir abriendo espacio a apuestas en pesos de aquellos operadores m\u00e1s t\u00e1cticos. El debate contin\u00faa focalizado en el \u2018mix\u2019 de pol\u00edticas necesario para esta etapa. Esto es en busca de que contin\u00fae la desaceleraci\u00f3n de la inflaci\u00f3n pero aquellas actividades m\u00e1s rezagadas -y el consumo- puedan ir recuperando mayor dinamismo, clave frente a los tiempos electorales que se avecinan\u201d.<\/p>\n<div class=\"inline_2 ad-wrapper dfpAd ad-inline ad-text ad-component-container\" style=\"--ad-shell-height:250px;--ad-shell-width:300px\" data-ad-wrapper=\"arcad\" data-ad-type=\"inline_2\" data-ad-slot=\"infobae\/economia\/nota\/inline_2\" data-ad-container=\"dfp\" data-ad-slot-name=\"infobae\/economia\/nota\/inline_2\">\n<p class=\"ad-shell-label\">PUBLICIDAD<\/p>\n<div id=\"infobae\/economia\/nota\/inline_2\" class=\"infobae\/economia\/nota\/inline_2 arcad ad-slot-node ad-slot-node--boxed\" data-ad-slot-id=\"infobae\/economia\/nota\/inline_2\"><\/div>\n<\/div>\n<div id=\"fusion-static-enter:raw_html_raw_html6\" style=\"display:none\" data-fusion-component=\"raw_html_raw_html6\"><\/div>\n<div class=\"rawHTML raw_html \">\n<div class=\"infogram-embed\" data-id=\"af843711-61b8-47d6-9371-fe82a3cb9f4e\" data-type=\"interactive\" data-title=\"D\u00f3lar 2024\"><\/div>\n<p><script>!function(e,n,i,s){var d=\"InfogramEmbeds\";var o=e.getElementsByTagName(n)[0];if(window[d]&&window[d].initialized)window[d].process&&window[d].process();else if(!e.getElementById(i)){var r=e.createElement(n);r.async=1,r.id=i,r.src=s,o.parentNode.insertBefore(r,o)}}(document,\"script\",\"infogram-async\",\"https:\/\/e.infogram.com\/js\/dist\/embed-loader-min.js\");<\/script><\/div>\n<div id=\"fusion-static-exit:raw_html_raw_html6\" style=\"display:none\" data-fusion-component=\"raw_html_raw_html6\"><\/div>\n<p class=\"paragraph\" data-paragraph-number=\"5\">El d\u00f3lar al p\u00fablico finaliz\u00f3 sin variantes este viernes a <b>$1.510 para la venta en el Banco Naci\u00f3n<\/b>. En julio avanz\u00f3 diez pesos o 0,7 por ciento. El BCRA inform\u00f3 que en las entidades financieras el d\u00f3lar minorista promedi\u00f3 $1.511,12 para la venta y $1.460,14 para la compra.<\/p>\n<div class=\"marfeel-recommender marfeel-recommender-5\"><\/div>\n<p class=\"paragraph\" data-paragraph-number=\"6\">El <b>d\u00f3lar blue cay\u00f3 cinco pesos o 0,3%<\/b> en el d\u00eda, a <b>$1.560<\/b>, para redondear una ganancia en julio de 45 pesos o 3 por ciento.<\/p>\n<div class=\"ad_1 ad-wrapper dfpAd ad-1-al-6 ad-text ad-component-container\" style=\"--ad-shell-height:250px;--ad-shell-width:300px\" data-ad-wrapper=\"arcad\" data-ad-type=\"ad_1\" data-ad-slot=\"infobae\/economia\/nota\/ad_1\" data-ad-container=\"dfp\" data-ad-slot-name=\"infobae\/economia\/nota\/ad_1\">\n<p class=\"ad-shell-label\">PUBLICIDAD<\/p>\n<div id=\"infobae\/economia\/nota\/ad_1\" class=\"infobae\/economia\/nota\/ad_1 arcad ad-slot-node ad-slot-node--boxed\" data-ad-slot-id=\"infobae\/economia\/nota\/ad_1\"><\/div>\n<\/div>\n<p class=\"paragraph\" data-paragraph-number=\"7\">\u201cSi bien seguimos considerando que el Banco Central favorece una mayor flexibilidad cambiaria, preservar el proceso de desinflaci\u00f3n contin\u00faa siendo la prioridad, lo que sugiere que las herramientas de intervenci\u00f3n podr\u00edan volver a cobrar relevancia si la volatilidad externa se intensifica\u201d, coment\u00f3 <b>Adcap Grupo Financiero<\/b> en un reporte. \u201cLos datos de actividad de mayo confirmaron que la recuperaci\u00f3n dom\u00e9stica sigue siendo desigual, aunque la fortaleza sostenida del super\u00e1vit comercial contin\u00faa reforzando la mejora de las cuentas externas de Argentina\u201d, resalt\u00f3.<\/p>\n<div id=\"fusion-static-enter:raw_html_raw_html10\" style=\"display:none\" data-fusion-component=\"raw_html_raw_html10\"><\/div>\n<div class=\"rawHTML raw_html \">\n<div style=\"position: relative; width: 100%; height: 0px; padding: 71.31% 0px 0px; overflow: hidden; will-change: transform;\"><iframe loading=\"lazy\" src=\"https:\/\/e.infogram.com\/6e023d94-ffe3-49ed-9d8c-83222cae11e2?src=embed&amp;embed_type=responsive_iframe\" title=\"Ventas BCRA\" allowfullscreen=\"\" allow=\"fullscreen\" style=\"position: absolute; width: 100%; height: 100%; top: 0px; left: 0px; border-width: medium; border-style: none; border-color: currentcolor; border-image: none; padding: 0px; margin: 0px;\"><\/iframe><\/div>\n<\/div>\n<div id=\"fusion-static-exit:raw_html_raw_html10\" style=\"display:none\" data-fusion-component=\"raw_html_raw_html10\"><\/div>\n<p class=\"paragraph\" data-paragraph-number=\"8\">\u201cEl crecimiento de las exportaciones energ\u00e9ticas y el fuerte super\u00e1vit comercial representan uno de los cambios estructurales m\u00e1s importantes de la econom\u00eda argentina. En el primer semestre, la balanza comercial acumul\u00f3 un super\u00e1vit de USD 13.923 millones, superando incluso el resultado de todo 2025 (USD 11.320 millones)\u201d, consign\u00f3 <b>Emilio Botto<\/b>, jefe de Estrategia e Inversiones de Mills Capital.<\/p>\n<div class=\"ad_2 ad-wrapper dfpAd ad-1-al-6 ad-text ad-component-container\" style=\"--ad-shell-height:250px;--ad-shell-width:300px\" data-ad-wrapper=\"arcad\" data-ad-type=\"ad_2\" data-ad-slot=\"infobae\/economia\/nota\/ad_2\" data-ad-container=\"dfp\" data-ad-slot-name=\"infobae\/economia\/nota\/ad_2\">\n<p class=\"ad-shell-label\">PUBLICIDAD<\/p>\n<div id=\"infobae\/economia\/nota\/ad_2\" class=\"infobae\/economia\/nota\/ad_2 arcad ad-slot-node ad-slot-node--boxed\" data-ad-slot-id=\"infobae\/economia\/nota\/ad_2\"><\/div>\n<\/div>\n<p class=\"paragraph\" data-paragraph-number=\"9\">\u201cM\u00e1s all\u00e1 del monto, lo relevante es que el ingreso de divisas empieza a depender cada vez menos exclusivamente del agro y se diversifica hacia sectores como energ\u00eda y miner\u00eda, que presentan una menor estacionalidad y no dependen del clima. Esto reduce la volatilidad hist\u00f3rica del ciclo de generaci\u00f3n de d\u00f3lares y fortalece la estabilidad cambiaria de mediano plazo\u201d, agreg\u00f3 Botto. <\/p>\n<h2 class=\"text-align-left vertical-align-top line-height-100 header headline-class-h2 headline\" id=\"fuerte-ingreso-de-dolares-por-on\">Fuerte ingreso de d\u00f3lares por ON<\/h2>\n<p class=\"paragraph\" data-paragraph-number=\"10\">\u201cCon el cepo cambiario activo y las tasas en pesos en baja, el primer semestre de 2026 cerr\u00f3 con la mayor cantidad de emisiones de los \u00faltimos tres semestres. Las emisiones <i>hard-dollar<\/i> consolidaron su rol como el motor del financiamiento corporativo, mientras que el instrumento <i>dollar-linked <\/i>perdi\u00f3 atractivo, las emisiones PyME ganaron protagonismo y el fideicomiso volvi\u00f3 a crecer\u201d, evalu\u00f3 <b>Francisco Vignati<\/b>, analista de Financiamiento de Cohen Aliados Financieros.<\/p>\n<div class=\"ad_3 ad-wrapper dfpAd ad-1-al-6 ad-text ad-component-container\" style=\"--ad-shell-height:250px;--ad-shell-width:300px\" data-ad-wrapper=\"arcad\" data-ad-type=\"ad_3\" data-ad-slot=\"infobae\/economia\/nota\/ad_3\" data-ad-container=\"dfp\" data-ad-slot-name=\"infobae\/economia\/nota\/ad_3\">\n<p class=\"ad-shell-label\">PUBLICIDAD<\/p>\n<div id=\"infobae\/economia\/nota\/ad_3\" class=\"infobae\/economia\/nota\/ad_3 arcad ad-slot-node ad-slot-node--boxed\" data-ad-slot-id=\"infobae\/economia\/nota\/ad_3\"><\/div>\n<\/div>\n<p class=\"paragraph\" data-paragraph-number=\"11\">\u201cEl <i>hard-dollar<\/i> -las <b>Obligaciones Negociables<\/b> emitidas y pagaderas en d\u00f3lares- fue el verdadero motor del financiamiento. Sum\u00f3<b> USD 8.285 millones en el primer semestre de 2026<\/b> a lo largo de 94 series, un 13,3% m\u00e1s que un a\u00f1o atr\u00e1s, aunque apenas por debajo del pico del segundo semestre de 2025 (USD 8.690 millones), que se hab\u00eda beneficiado por un rebote postelectoral&#8221;, a\u00f1adi\u00f3 Francisco Vignati.<\/p>\n<div id=\"fusion-static-enter:raw_html_raw_html16\" style=\"display:none\" data-fusion-component=\"raw_html_raw_html16\"><\/div>\n<div class=\"rawHTML raw_html \">\n<div class=\"infogram-embed\" data-id=\"a8d1fcae-734f-462e-9a54-0fbb92651e11\" data-type=\"interactive\" data-title=\"Reservas 2019\"><\/div>\n<p><script>!function(e,n,i,s){var d=\"InfogramEmbeds\";var o=e.getElementsByTagName(n)[0];if(window[d]&&window[d].initialized)window[d].process&&window[d].process();else if(!e.getElementById(i)){var r=e.createElement(n);r.async=1,r.id=i,r.src=s,o.parentNode.insertBefore(r,o)}}(document,\"script\",\"infogram-async\",\"https:\/\/e.infogram.com\/js\/dist\/embed-loader-min.js\");<\/script><\/div>\n<div id=\"fusion-static-exit:raw_html_raw_html16\" style=\"display:none\" data-fusion-component=\"raw_html_raw_html16\"><\/div>\n<p class=\"paragraph\" data-paragraph-number=\"12\">En este aspecto, <b>Adcap Grupo Financiero aport\u00f3<\/b> que \u201cgran parte del mercado de bonos corporativos argentinos ya cotiza con <i>spreads<\/i> ajustados, pero el sector de <i>utilities<\/i> sigue siendo una de las pocas excepciones. Contin\u00faa ofreciendo algunos de los rendimientos m\u00e1s atractivos, respaldado por la mejora de los fundamentos operativos, la normalizaci\u00f3n tarifaria y un contexto macroecon\u00f3mico m\u00e1s favorable&#8221;.<\/p>\n<div class=\"ad_4 ad-wrapper dfpAd ad-1-al-6 ad-text ad-component-container\" style=\"--ad-shell-height:250px;--ad-shell-width:300px\" data-ad-wrapper=\"arcad\" data-ad-type=\"ad_4\" data-ad-slot=\"infobae\/economia\/nota\/ad_4\" data-ad-container=\"dfp\" data-ad-slot-name=\"infobae\/economia\/nota\/ad_4\">\n<p class=\"ad-shell-label\">PUBLICIDAD<\/p>\n<div id=\"infobae\/economia\/nota\/ad_4\" class=\"infobae\/economia\/nota\/ad_4 arcad ad-slot-node ad-slot-node--boxed\" data-ad-slot-id=\"infobae\/economia\/nota\/ad_4\"><\/div>\n<\/div>\n<p class=\"paragraph\" data-paragraph-number=\"13\">Adem\u00e1s <b>Cocos Capital <\/b>destac\u00f3 que \u201clas <b>provincias argentinas y la Ciudad<\/b> de Buenos Aires est\u00e1n emitiendo deuda en los mercados internacionales al ritmo m\u00e1s alto desde 2017, mientras el Gobierno nacional se mantiene al margen de nuevas colocaciones de bonos soberanos. Desde noviembre de 2025 -tras las elecciones legislativas- hasta julio de 2026, seis jurisdicciones colocaron deuda externa por un<b> total cercano a los USD 4.900 millones<\/b>, en siete operaciones distintas (CABA sali\u00f3 dos veces\u201d).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>31 Jul, 2026 03:04 p. m. EST Guardar Con importante volumen operado en el segmento de contado de USD 686,2 millones, el d\u00f3lar mayorista rest\u00f3 tres pesos a 1.485 pesos. Despu\u00e9s de tres bajas consecutivas, el tipo de cambio redujo la ganancia del mes de julio a solo tres pesos o 0,2%, para volver a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":19932,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-19931","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/cliente1.publisher.highstack.com.ar\/index.php?rest_route=\/wp\/v2\/posts\/19931","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cliente1.publisher.highstack.com.ar\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cliente1.publisher.highstack.com.ar\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cliente1.publisher.highstack.com.ar\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cliente1.publisher.highstack.com.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19931"}],"version-history":[{"count":0,"href":"https:\/\/cliente1.publisher.highstack.com.ar\/index.php?rest_route=\/wp\/v2\/posts\/19931\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cliente1.publisher.highstack.com.ar\/index.php?rest_route=\/wp\/v2\/media\/19932"}],"wp:attachment":[{"href":"https:\/\/cliente1.publisher.highstack.com.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19931"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cliente1.publisher.highstack.com.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19931"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cliente1.publisher.highstack.com.ar\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19931"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}