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Argentina’s Official Dollar Falls to One‑Month Low as Corporate Bond Wave Calms FX Market

Corporate debt sales pumped in hard currency that tempered demand for dollars.

Overview

  • Banco Nación’s retail dollar closed at $1,415 after an intraday move to $1,430, marking the lowest level since mid‑October.
  • The wholesale rate settled at $1,387 after a fifth straight daily drop, while the blue dollar traded around $1,430–$1,435.
  • Financial rates eased, with the MEP near $1,446 and the CCL around $1,483–$1,488, and crypto quotes hovered near $1,481–$1,487.
  • November corporate placements totaled roughly US$2.9–3.15 billion from issuers including YPF, Tecpetrol, Pluspetrol, TGS, Pampa Energía and Edenor, increasing dollar supply.
  • Gross BCRA reserves were about US$40.636 billion; October inflation was 2.3%; country risk hovered near 613; the government reaffirmed the FX band regime; and the October primary surplus was $517,672 million.