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Argentina’s Dollar Quotes Tumble as Market Gaps Compress to Near Parity

Market operators linked the move to U.S. support signals plus a suspension of export duties.

Overview

  • The Central Bank’s average retail dollar closed at ARS 1,383.34 (buy) and ARS 1,438.30 (sell), with Banco Nación at ARS 1,380/1,430.
  • The wholesale rate fell ARS 67 (-4.5%) to ARS 1,408, slipping back below the managed band’s ceiling of ARS 1,476.79 reported for the day.
  • The blue dollar dropped ARS 45 to ARS 1,475, a move Ámbito characterized as the steepest daily fall in five months, narrowing the gap with wholesale to 4.8%.
  • Financial-dollar gauges also sank, with MEP down 8% to ARS 1,427.51 (a 1.4% gap) and CCL off 8.1% to ARS 1,440.87 (a 2.3% gap).
  • Coverage attributes the re-pricing to Washington’s support signals—Scott Bessent said Treasury stands ready within its mandate—and to the temporary suspension of export duties on grains and oilseeds, with reports of potential financing still unconfirmed.