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3h ago

Argentina’s Official Dollar Slides After Treasury Auction as Blue Touches 1,350

Narrow financial-dollar gaps with a lower Tamar rate signal shifting peso incentives.

Los niveles pudieran llegar a ascender a los 19 pesos, salvo algún evento económico o geopolítico extraordinario que eleve ese rango. Foto: Sergio Ortiz
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Overview

  • Banco Central averages put the official dollar at ARS 1,307.28 (buy) and ARS 1,349.44 (sell) after its steepest daily drop in weeks, reported as following a Treasury auction.
  • The blue dollar closed at ARS 1,350, marking a third straight daily gain, according to market trackers.
  • Gross international reserves fell USD 292 million to USD 40.961 billion, which officials linked to a Buenos Aires Province bond payment.
  • Financial-dollar quotes hovered near the official rate, with MEP at ARS 1,340.58 and CCL at ARS 1,341.50, each showing a 0.6% gap.
  • The BCRA’s Tamar for wholesale time deposits eased to 61.19% TNA (81.49% effective), while the wholesale FX reference closed at ARS 1,333.