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1h ago

Argentina’s Official Peso Surges as Parallel Rates Jump and Stocks Slide

Traders linked the abrupt repricing to leaked bribery audios that heightened political risk.

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Traders Jonathan Mueller, left, and Michael Capolino work on the floor of the New York Stock Exchange, Monday, Nov. 1, 2021. Stocks are opening modestly higher on Wall Street Monday, bringing major indexes a bit further past the record highs they set last week. (AP Photo/Richard Drew)
ARCHIVO – El logotipo de UnitedHealth Group sobre un punto de comercio en la Bolsa de Valores de Nueva York, el 17 de abril de 2025. (AP Foto/Richard Drew, Archivo)
Precio del dólar hoy en México: a cuánto cotiza la moneda este 25 de agosto

Overview

  • The wholesale dollar rate jumped about 24 pesos to roughly ARS 1,345 and Banco Nación’s screen moved to ARS 1,360.
  • Parallel quotes advanced in tandem, with the blue near ARS 1,345–1,355, MEP around ARS 1,352 and CCL near ARS 1,357, while crypto stablecoin prices tracked the move.
  • Argentine equities and ADRs fell sharply, with some losses near 7% in New York, and the country risk hovered around 753 points.
  • Gross reserves were reported near US$41.5 billion after recent IMF inflows, underscoring the tight backdrop for the managed FX band regime.
  • Dollar futures rose across the curve, implying a wholesale rate near ARS 1,356.5 for end‑August and around ARS 1,553 by December.