Overview

• Official dollar averages fell on September 25, with the BCRA retail reference at AR$1,312.41/1,367.95 and Banco Nación at AR$1,310/1,360.
• In the wholesale market, the mayorista rate eased another AR$31.50 to AR$1,337.50, extending the recent downward move.
• The dólar blue traded around AR$1,405 after a third straight decline that took it to a two‑week low, leaving the gap with the wholesale rate near 5%.
• The BCRA reported no intervention in the MULC on Wednesday and listed international reserves at about US$39.032 billion.
• Regionally, Mexico’s peso weakened with Banxico’s FIX at 18.41 per dollar and the spot rate at 18.4276, as investors anticipated a 25 bp rate cut to 7.50%.