Particle.news
Download on the App Store

Argentina’s Dollar Market Steady as Official Rate Nears Lows and Reserves Rise

A post‑election collapse in retail dollar buying underpins a rare spell of currency calm.

Overview

  • Banco Nación closed at $1,415 for buying and $1,465 for selling, with the blue dollar around $1,425/$1,445 and financial quotes near $1,476–$1,508.
  • Gross international reserves increased to about US$41.90 billion, marking a second consecutive daily gain.
  • BCRA vice president Vladimir Werning reported November retail dollar demand at roughly US$1.1 billion after October’s surge.
  • Market desks flagged unconfirmed reports that the Treasury bought about US$220 million, with no official confirmation.
  • Global cues shaped trading conditions after the Fed’s 25 bp rate cut, with Mexico’s peso near 18.20 per dollar on official measures.