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Argentina’s Dollar Rates Converge as Bonds Rally and Risk Premium Falls

Markets read the narrow gaps as evidence of stabilization under the current band regime.

Overview

  • Banco Nación quoted the official dollar at $1,395/$1,445, the wholesale rate hovered near $1,415, and the blue matched $1,395/$1,415, leaving almost no gap.
  • Financial dollars stayed close to the official rate, with MEP near $1,454.69 and CCL around $1,470–$1,474, while the card rate stood near $1,878.50.
  • Dollar bonds advanced up to 1.8% and the country risk gauge was reported around 596, extending the improvement in sentiment.
  • Reports indicate the Treasury and the central bank are preparing sustained FX purchases and bond operations to bolster reserves under IMF targets.
  • Luis Caputo is evaluating technical adjustments to the exchange bands, according to local reports, as President Javier Milei reaffirmed the scheme through 2027.