Overview

• Banco Nación’s retail dollar rose about ARS 35 to ARS 1,490, reflecting a renewed push higher in the official quote.
• The wholesale rate traded near ARS 1,487, exceeding the BCRA band ceiling of ARS 1,485.14, after authorities lifted their intra‑band intervention level to ARS 1,470.
• Short‑term peso funding costs jumped, with the one‑day caución near 45% TNA and the interbank repo around 57% TNA as liquidity tightened.
• Alternative channels stayed elevated, with the blue dollar around ARS 1,475, MEP near ARS 1,528, CCL in the ARS 1,54x–1,56x range, and USDT near ARS 1,545 on major exchanges.
• Gross reserves dipped by about US$136 million to roughly US$42.07 billion, and traders are watching for possible news from Washington after IMF comments, which remains unconfirmed.