Overview

• The wholesale rate stayed near ARS 1,429–1,430 after fresh Treasury interventions estimated at US$250–400 million on Tuesday.
• Central Bank data showed gross reserves down US$426 million on the day to about US$42.2 billion, extending Monday’s US$70 million decline.
• Financial-dollar quotes climbed as the MEP neared ARS 1,525 and the CCL about ARS 1,553, while the blue rose to ARS 1,460 and gaps widened toward 7–9%.
• Analysts estimate the Tesoro has sold roughly US$1.35–1.6 billion over recent sessions, with its BCRA dollar deposits now below about US$1 billion and possibly near US$800 million.
• Argentine bonds and ADRs fell as markets awaited outcomes from talks in Washington; U.S. Treasury Secretary Scott Bessent said discussions on support options will continue without a specific package announced.