Overview

• Unofficial tallies show the Treasury sold about US$250–400 million per day in recent sessions to cap the wholesale dollar at ARS 1,430, with cumulative sales near US$1.4–1.6 billion.
• Market estimates indicate Treasury dollar deposits at the Central Bank have fallen below US$800–1,000 million, suggesting only a few days of comparable intervention remain.
• While the official rate held near ARS 1,430–1,455, financial and parallel dollars climbed, with MEP around ARS 1,520–1,534, CCL near ARS 1,552 and the blue close to ARS 1,460, widening spreads to roughly 7–9%.
• The Central Bank’s REM survey showed higher nominal exchange-rate projections, with a median October level near ARS 1,440 (Top 10 near ARS 1,471) and a larger move expected in November toward ARS 1,500.
• Talks with the U.S. Treasury and the IMF continued without a finalized support package, and analysts warn that if Treasury firepower runs out the BCRA may have to defend the band ceiling around ARS 1,484.