Overview

• Argentina’s wholesale dollar fell $67 (-4.5%) to ARS 1,408, placing the reference rate back below the floating band ceiling.
• The blue dollar dropped about $45 to ARS 1,475, narrowing its gap with the official rate to roughly 4.8%.
• Financial dollars retreated around 8%, with MEP at ARS 1,427.5 and CCL at ARS 1,440.9, compressing spreads to near 1–2%.
• The central bank did not intervene in the MULC, and reported international reserves stood near US$39.118 billion.
• Argentine ADRs and sovereign bonds rallied, though the blue remains higher for the month, indicating relief rather than a full reversal of prior pressures.