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1h ago

Argentina’s Dollar Rates Rise for a Third Day as Blue Hits $1,345 and Wholesale Reaches $1,321

The BCRA is prioritizing futures and high rates over spot intervention to manage renewed pressure on the floating band.

Consulta el precio del dólar hoy 22 de agosto en México: el tipo de cambio actual
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Overview

  • Banco Nación’s retail dollar closed at ARS 1,335 after a third straight daily increase, while the wholesale rate ended at ARS 1,321 with a weekly gain of 21 pesos.
  • The blue dollar finished near ARS 1,345, leaving a narrow gap of about 1.8% versus official quotes and underscoring persistent parallel‑market demand.
  • Official data show the BCRA doubled its sold position in dollar futures in July to roughly US$3.81 billion, using derivatives to temper volatility without drawing reserves.
  • Reported gross reserves stood around US$41.5 billion, with a weekly drop of about US$408 million, and the central bank did not intervene in the spot MULC on Saturday.
  • Fed Chair Jerome Powell’s Jackson Hole remarks boosted bets on a September U.S. rate cut, softening the dollar globally and helping the Mexican peso to about 18.59 per USD.