Overview

• Market operators reported a sell wall around ARS 1,380 that was widely interpreted as official intervention after the wholesale rate briefly touched roughly ARS 1,450.
• The Treasury finished the session with about USD 30 million in net purchases, bringing its take from the zero‑duty agro window to roughly USD 2.19 billion, about a third of the anticipated flow.
• Official sources said USD 334 million was paid during the day to the Paris Club, BID and CAF, contributing to tighter FX conditions.
• Several fintech wallets paused retail sales of the official dollar after their provider halted service, and the central bank said no new rules were issued and that only authorized banks and exchanges may sell foreign currency.
• Parallel and financial exchange rates rose, with the blue near ARS 1,445, MEP around ARS 1,490 and CCL near ARS 1,540, while dollar futures gained up to 4.4% and priced the wholesale rate near ARS 1,605 in December as sovereign risk hovered around 1,228–1,230 bps.