Overview
- Banco Nación’s retail dollar closed at 1,455 pesos, down 35 pesos on the week, as the wholesale rate fell to roughly 1,430 pesos and sat about 8% below the band ceiling of 1,546.18.
- The Central Bank bought US$125 million on Friday, marking 10 straight sessions of net purchases and about US$687 million since January 5, while gross reserves hovered near US$44.6 billion after valuation-driven declines.
- Informal and financial exchange rates softened, with the blue near 1,500 pesos, the MEP around 1,471 and the CCL near 1,518–1,520, keeping segmented market gaps in low single digits.
- Sovereign bonds posted modest gains and the risk premium eased to roughly 564–565 basis points, with the S&P Merval edging higher.
- Analysts link the exchange‑rate stability to tight liquidity and elevated short‑term rates plus stronger FX supply from agro liquidations, cautioning that illiquid money markets and volatile rates pose near‑term risks.