Overview
- Argentina’s official retail dollar held at 1,490 pesos for sale at Banco Nación, with the wholesale rate near 1,467.50 and a generally calm start to the week.
- Central-bank reserves fell by roughly USD 385–400 million after a USD 4.2 billion bond payment, while the BCRA logged five consecutive sessions of net FX purchases totaling over USD 200 million, including USD 43 million on the last business day.
- The BCRA bolstered liquidity with a USD 3 billion one-year repo at a 7.4% rate from six international banks, using Bonares 2035 and 2038 as collateral.
- Officials coordinated BCRA dollar buying with Treasury sales to keep the exchange rate within the new band, a stance linked by analysts to higher and more volatile short‑term interest rates.
- Mexico’s peso strengthened to about 17.90 per dollar as the U.S. currency eased following reports of a federal investigation involving Fed Chair Jerome Powell and after mixed U.S. employment signals.