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59m ago

Argentina’s FX Market Fragments as Official Peso Slips and Parallel Dollars Rebound

Export liquidations together with looser access to the official market coincided with a reported, still‑pending U.S. lifeline, leaving bonds and ADRs lower.

FILE PHOTO: A trader looks at the electronic board on the floor of the Philippine Stock Exchange at the end of the trading day in Makati City, metro Manila November 12, 2007. REUTERS/Darren Whiteside/File Photo
Precio del dólar en México para el 26, 27 y 28 de septiembre 2025: descubre el valor actualizado del USD a MXN y cómo afecta tu economía. | Crédito: Imagen referencial generada con Gemini AI
El dólar no para de caer ante la liquidación récord del agro.
Image

Overview

  • Banco Nación quoted the dollar at ARS 1,305 for buying and ARS 1,355 for selling after several declines, with the wholesale rate near ARS 1,337.
  • The blue traded around ARS 1,390/1,410 as financial quotes rebounded (MEP ≈ ARS 1,360; CCL ≈ ARS 1,402), keeping spreads with the official rate in the low single digits.
  • Argentine stocks and dollar bonds fell and the country risk gauge rebounded to roughly 977 basis points after recent gains.
  • Official reserves were reported near US$39.349 billion, with a daily increase of about US$317 million that traders linked to Treasury purchases, while the BCRA said it did not intervene in the MULC on Thursday.
  • Markets continued to factor in heavier agro dollar liquidations and the removal of the US$200 monthly cap for individuals, alongside reports of a U.S. Treasury support package of about US$20 billion that remains subject to final approval.