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Argentina’s Official Dollar Jumps to $1,450 as Agro FX Window Closes and Traders Flag Intervention

Visible sell orders near $1,380 capped the wholesale rate, signaling official support.

Overview

  • - Banco Nación lifted the retail dollar to $1,450 at Wednesday’s open, up from $1,400 at Tuesday’s close.
  • - The wholesale rate spiked to about $1,450 on Tuesday before sliding below $1,400 on a reported $1,380 sell wall attributed by traders to official offers.
  • - September’s zero‑retentions push delivered $7.107 billion from agro exporters but that supply has largely ended, with the Treasury reported net buyer of roughly $30 million and futures pricing the wholesale near $1,605 by December.
  • - The central bank’s 90‑day cross restriction remains in force; some digital wallets paused selling the official dollar before BCRA chief Santiago Bausili said there was no new rule and cited a correction of interpretation.
  • - Reserves fell with end‑month flows and payments to creditors—including about $334 million to the Club de París, BID and CAF—while country risk hovered around 1,228–1,230 points and financial dollars and the blue advanced.