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Argentina’s Dollar Quotes Retreat After Treasury Auction as Post‑Election Rally Holds

A Treasury debt sale injected pesos that eased rates, helping parallel quotes slide back toward the post‑election range.

Overview

  • Banco Nación posted $1,410/$1,460 for the official dollar as the wholesale rate fell to about $1,436 and the blue traded near $1,440/$1,460.
  • Financial dollars hovered lower, with MEP around $1,475 and CCL near $1,487, while the card/savings rate was reported at roughly $1,898.
  • The Finance Ministry adjudicated ARS 6.867 billion in its second October auction, injecting about ARS 5 billion in liquidity that softened short‑term pressure.
  • Central bank reserves were reported around US$40.765 billion, and the BCRA did not intervene in the official FX market on Thursday.
  • Equities and sovereign bonds extended their rally as dollar futures declined, narrowing gaps to roughly 2–4% versus the official rate.