Overview
- Argentina's official exchange rate remained steady on Tuesday at about ARS 1,514 in the wholesale market and ARS 1,535 at Banco Nación, with little movement in bank quotes.
- The Central Bank's net daily FX purchases slowed to roughly USD 8–14 million per session and gross reserves declined to about USD 49.7 billion, cutting the authority's capacity to build buffers.
- Parallel and financial dollar rates moved higher with the informal blue at about ARS 1,555, the MEP near ARS 1,534 and the CCL around ARS 1,597–1,600, while the JP Morgan 'riesgo país' climbed above 550 to roughly 552–555.
- The Treasury completed a debt conversion that adjudicated USD 3,332 million—about 75% acceptance—which improves near‑term rollover but leaves attention on upcoming auctions and coverage needs at month end.
- Global signals from the Fed, President Trump's UN speech and signs of oil‑route normalisation have reduced energy premia and supported the dollar, and continued reserve erosion could raise costs for importers and widen pressure on informal exchange rates.