Particle.news

Download on the App Store

Argentina’s Dollar Rates Slide to Month Lows as Reserves Tick Up on Agro Cash and Suspected Treasury Buys

Investor caution persists despite export inflows, reflected in weaker equities alongside country risk near 977 basis points.

Overview

  • - Banco Nación quoted the official dollar at $1,305/$1,355 and the wholesale reference near $1,337 after a fourth straight decline.
  • - Parallel and financial quotes hovered near recent lows: blue at $1,390/$1,410, MEP around $1,379–$1,381, CCL roughly $1,398–$1,414, and dólar tarjeta at $1,761.50, with Córdoba’s blue near $1,425.
  • - BCRA gross reserves rose about US$317 million as heavy agro liquidations hit a US$7,000 million cap in three days and cash-market volume reached US$938.9 million.
  • - Market desks flagged likely Treasury dollar purchases (PPI estimated about US$85 million) even as the Central Bank reported no MULC intervention, alongside reports of a proposed US$20,000 million U.S. Treasury swap and fresh public backing from Scott Bessent.
  • - Despite softer dollar gauges, Argentine ADRs and hard-currency bonds fell up to roughly 8%–8.8%, and the blue–wholesale gap stayed near 5% as futures pricing signaled stronger demand for hedging.