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Argentina’s Dollar Rates Fall Again as Post‑Election Rally Extends and Central Bank Stays on the Sidelines

Reserves hover near $40.8 billion as segmented FX markets show narrow gaps.

Overview

  • Banco Nación quoted the official dollar at $1,410 for buying and $1,460 for selling, with the BCRA’s retail average at $1,464.40 and the wholesale rate near $1,436–$1,437.70.
  • Parallel and financial quotes eased, with blue at $1,440/$1,460, MEP around $1,469–$1,475, and CCL near $1,484–$1,487, leaving gaps of roughly 1%–4%.
  • The BCRA reported no intervention in the MULC on Thursday and total reserves at about US$40,765 million.
  • Markets extended their post‑election rally as equities and sovereign bonds advanced and the risk premium fell to roughly 673 basis points.
  • After a brief rebound toward $1,500 on Tuesday, exchange rates resumed their decline by Thursday and futures weakened, while in Peru the dollar moved little and the BCRP survey pointed to S/3.75 by end‑2025.