Overview
- Banco Nación’s retail dollar closed at 1,435 pesos and the wholesale reference at 1,412, with the blue matching 1,435 for a second straight session as the band ceiling stood at 1,501.99.
- Financial-dollar quotes stayed above the official rate, with the MEP near 1,450 pesos and the CCL around 1,471–1,474.
- The BCRA reported a $172 million rise in reserves to $40.669 billion, and market operators said the Treasury bought about $64 million at 1,430 pesos as an initial test of the bands.
- Economy Minister Luis Caputo defended the bands as a stabilizing tool, and BCRA Vice President Vladímir Werning said remaining currency restrictions will not take long to be removed.
- Markets remain cautious given October inflation at 2.3% month-on-month and 31.3% year-on-year and concerns about sustained foreign-currency supply.