Particle.news

Download on the App Store

Argentina’s Dollar Rates Converge Near ARS 1,360 as Official Quote Eases

Market operators attribute the latest pullback in the official rate to central-bank activity in currency futures.

Overview

  • Banco Nación’s retail dollar ended at ARS 1,360, the wholesale rate closed around ARS 1,349.50, and the blue traded roughly ARS 1,345–1,365.
  • Financial dollars hovered near parity with the official: MEP around ARS 1,357–1,358 and CCL roughly ARS 1,361–1,371 at the close.
  • Market sources reported a presumed BCRA intervention in futures that coincided with the official rate’s late-session decline.
  • Major banks confirmed opening dollar sale prices to the central bank for August 28, with quotes broadly clustered between ARS 1,360 and ARS 1,385.
  • Argentina’s country risk rose to about 850 basis points for a second day, signaling heightened sovereign stress despite narrower FX gaps.