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Argentina’s Dollar Gauges Cluster in the Mid-1,300s as Weekend Quotes Steady

An IMF inflow briefly lifted reserves, with traders now expecting fresh pressure into the September vote.

Overview

  • Banco Nación’s reference dollar was last quoted near $1,320 for buying and $1,360 for selling, reflecting the post-cepo banded float.
  • The informal blue dollar traded around $1,300–$1,350, while financial rates showed MEP near $1,344.80/$1,371.90 and CCL about $1,349.20/$1,353.80.
  • Taxed retail channels such as dólar tarjeta/ahorro were reported near $1,703, widening the effective consumer cost versus financial and blue rates.
  • After an IMF review, the BCRA received about US$1,993 million, with gross reserves reported briefly around US$43.023 billion before settling near US$40.961 billion.
  • The central bank was reported not to have intervened directly in the MULC on Thursday, and analysts expect the official rate to lean toward the band ceiling into September–October without breaching it.