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last mo.

Argentina Anchors Official Peso Rate at Band Ceiling as Blue Dollar Tops 1,300

Futures interventions are deployed to protect reserves as the parallel dollar’s climb reflects mounting market pressure

Archivo - Señal de la Bolsa de Madrid frente a la fachada del edificio, en Madrid (España)
Image
Dólar vs Peso mexicano. | Crédito: REUTERS/Canva
La cotización del dólar al instante en la cobertura minuto a minuto de Clarín.

Overview

  • The official dollar rate at Banco Nación is fixed at ARS 1,275 for sale and ARS 1,225 for purchase, with the wholesale rate at ARS 1,256.50.
  • The parallel ‘dólar blue’ trades at ARS 1,310 for sale and ARS 1,290 for purchase, marking four sessions above the ARS 1,300 threshold and widening the blue-official spread to about 4.3%.
  • The Central Bank has stepped up interventions in the futures market to contain exchange-rate pressures and anchor the peso at the band ceiling.
  • Financial instruments price in further depreciation, with the MEP dollar at around ARS 1,263 and the CCL at around ARS 1,267, both down slightly on the day.
  • Despite Treasury block purchases of about US$ 968 million over the past month, BCRA reserves dipped by US$ 74 million to US$ 40.576 billion in the latest session.