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1h ago

Argentina's Dollar Slips to Two-Month Low as Central Bank Extends Buying Streak

Markets credit tight policy with renewed reserve buying for the calmer FX tone.

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El precio del dólar en el Banco Nación y del dólar blue este lunes 19 de enero
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El tipo de cambio se estabilizó con sesgo alcista, pese al debilitamiento del dólar

Overview

  • Banco Nación’s rate closed at ARS 1,455 (buy ARS 1,405), down ARS 15 on Friday and ARS 35 for the week, the lowest since early December.
  • The wholesale rate fell to about ARS 1,430, placing it roughly 8% below the current band ceiling of ARS 1,546.
  • The blue traded near ARS 1,500, the MEP around ARS 1,471 and the CCL about ARS 1,518, keeping spreads versus the official market in the 3–6% range.
  • The BCRA purchased roughly US$125 million on Friday, marking ten consecutive buying sessions and about US$469 million for the week and US$687 million since Jan. 5, with gross reserves reported near US$44.6 billion.
  • Analysts cite tight liquidity, high overnight rates, stronger agroexport liquidations and a reported 2025 fiscal surplus as supports, while flagging risks from volatile funding costs and persistent inflation.