Particle.news

Download on the App Store

Argentina’s Official Dollar Drops After Debt Auction as Blue Holds Near 1,350

High‑yield issuance alongside central‑bank liquidity absorbed pesos to ease pressure for now.

Overview

  • Banco Nación quoted the dollar at ARS 1,345 for sale and ARS 1,305 for buy after a roughly ARS 15 slide, with major banks confirming Friday’s opening levels.
  • Finance Secretary Pablo Quirno said the Treasury rolled over 114.66% of local‑currency maturities, awarding nearly ARS 7.7 trillion of about ARS 8.3 trillion offered.
  • Central‑bank reserves fell US$292 million to US$40.961 billion, which officials attributed to a Province of Buenos Aires bond payment.
  • The blue dollar closed around ARS 1,350 while MEP and CCL hovered near ARS 1,341, keeping spreads with the official rate narrow but fragile.
  • Traders looked to U.S. PCE inflation after a Q2 GDP revision to about 3.3% and recent Fed signals, with regional FX such as the Mexican peso moving only marginally.