Overview

• Banco Nación’s retail dollar closed at ARS 1,370, the wholesale reference rate climbed about ARS 41 to roughly ARS 1,362, and the blue traded near ARS 1,365.
• Argentine stocks and sovereign bonds fell sharply, with major bank ADRs in New York down as much as 7–8% and the risk premium holding above 700 basis points.
• Analysts pointed to tight short‑term peso funding and very high rates, citing caución near 50–54% and Lecaps yields above 60%.
• Gross reserves were reported around US$41.5 billion despite a recent IMF disbursement, and the BCRA’s sold position in FX futures rose to about US$3.8 billion at end‑July.
• The market moves followed leaked audios tied to the disability agency that spurred a corruption probe involving figures close to the presidency ahead of the September and October elections.