Overview
- The official retail dollar traded around $1,435 at Banco Nación, matching the informal blue, while MEP hovered near $1,455 and CCL around $1,480.
- Central bank reserves rose by USD 172 million to USD 40.669 billion, according to the BCRA.
- Market sources reported a Treasury test purchase of about USD 64 million under the new exchange framework.
- The managed band’s ceiling stood at $1,501.99, the wholesale rate hovered near $1,406, and spot and futures volumes were modest at roughly USD 459 million and USD 1.08 billion.
- Economy Minister Luis Caputo defended the bands as a stability tool as IMF spokesperson Julie Kozack urged quicker reserve buildup to strengthen credibility.