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Argentina’s Dollar Market Holds Steady, With Official at $1,425 and Blue at $1,430

Corporate bond issuance supplied dollars that cooled exchange-rate pressures.

Overview

  • Banco Nación lists the official dollar at $1,375 buy and $1,425 sell as the blue holds near $1,410/$1,430, keeping the gap to roughly 3%.
  • The wholesale rate closed around $1,403 within the exchange-rate band, while financial dollars trade higher (MEP near $1,451 and CCL around $1,484–$1,488).
  • Roughly USD 1.7 billion in corporate Obligaciones Negociables last week increased dollar supply and helped pull the wholesale quote toward $1,400.
  • Central Bank gross reserves stand near USD 40.6 billion, with analysts warning reserves remain thin versus IMF accumulation targets.
  • INDEC reported October inflation at 2.3% month-on-month, reinforcing concerns that the current calm could prove fragile.