Overview

• At market open, the official retail dollar hovered around $1,345 (Banco Nación), the blue traded near $1,350, and MEP/CCL moved in a tight band around $1,340–$1,347.
• The BCRA reported a US$292 million decline in gross reserves to US$40.961 billion, attributed by officials to a Province of Buenos Aires bond payment.
• Following a Treasury debt auction, the official rate logged its sharpest daily fall in over three weeks, with the wholesale dollar around $1,333.
• The BCRA’s Tamar wholesale time‑deposit rate eased to roughly 61.2% TNA as authorities continued using high rates, encajes and market operations to drain pesos.
• Major banks confirmed opening dollar sale prices near $1,345, and traders highlighted a new BCRA move limiting banks’ net FX positions, with country risk still in the mid‑800s.