Overview

• Following a sharp jump tied to corruption allegations, the wholesale dollar slipped about $5.5 to $1,356.5 and Banco Nación held at roughly $1,370, with the retail average near $1,377.
• The blue closed around $1,360–$1,365 while MEP and CCL hovered near or below the official rate, compressing spreads into zero or negative territory.
• JP Morgan’s sovereign risk gauge climbed to roughly 829 basis points after bond losses, and local shares and ADRs posted declines of up to about 10% in the prior session.
• The Central Bank enacted another encaje increase, and the Economy Ministry prepared sales of Lecaps, TAMAR and dollar‑linked bonds to absorb pesos ahead of sizable near‑term maturities.
• Reserves were reported near $41.2 billion after a daily drop of about $261 million, and futures pricing for December above $1,550 underscores expectations of further depreciation despite the managed‑band ceiling near $1,460.