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Argentina’s Multi-Rate Dollar Eases Post-Auction, Then Nudges Higher as Rally Stalls

A partial rollover that released about $5 trillion pesos cooled short‑term rates and briefly narrowed FX gaps before attention shifted back to reserves and global signals.

Overview

  • Banco Nación held the official rate at $1,410 for buying and $1,460 for selling, while the wholesale dollar hovered near $1,436 on Wednesday and traded around $1,446 early Thursday.
  • Financial quotes clustered tightly: MEP around $1,466–$1,477, CCL near $1,485–$1,487, crypto roughly $1,490–$1,497, and the blue dollar eased to about $1,435–$1,460.
  • The Treasury’s second October auction cleared $6.867 trillion with a 57.18% rollover, injecting roughly $5 trillion pesos that helped pull FX gauges back toward post‑election levels.
  • After three sessions of gains, Argentine stocks and sovereign bonds paused on Thursday as dollar quotes ticked up modestly and traders assessed lingering peso liquidity.
  • BCRA international reserves stood near US$40.765 billion, and regional FX moves reflected U.S. Fed guidance, with the Mexican peso around 18.46–18.51 per dollar after Powell’s remarks.