Overview

• Analysts estimate the Treasury sold roughly USD 1.35–1.40 billion across four sessions, pushing its dollar deposits at the central bank below USD 1 billion.
• Official quotes held steady near Banco Nación ARS 1,405/1,455 and wholesale around ARS 1,429.5, even as the blue closed at ARS 1,460, above the retail official.
• Financial rates extended gains, with MEP near ARS 1,525 and CCL around ARS 1,553, widening the gaps with the managed official market.
• Gross reserves slipped to about USD 42.20 billion after a USD 426 million daily drop, which market reports link to Treasury dollar sales used to defend the band.
• Surveys and pricing point to a larger devaluation after November’s legislative elections, while officials held talks in Washington about potential U.S. support as a stronger dollar also weakened the Mexican peso to roughly 18.3945 per USD.