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Argentina’s Peso Holds Near Official Band as Market Watches U.S. Talks and Policy Moves

Traders await clarity on official support that could steady the new bands-based regime.

Overview

  • The Banco Nación quote stands around ARS 1,400 for buying and ARS 1,450 for selling on October 6.
  • The informal blue dollar trades near ARS 1,420/1,440 in Buenos Aires, leaving a gap of roughly 1% versus the official rate.
  • The wholesale rate is about ARS 1,424.50 against a band ceiling near ARS 1,482 today, with recent Treasury sell offers around ARS 1,425 serving as an intra-band cap and interventions used when pressures build.
  • Financial dollars remain higher, with MEP near ARS 1,498.81, CCL around ARS 1,525.88, and the card rate reported close to ARS 1,885.
  • Gross international reserves are roughly US$42.698 billion, and investors await the Caputo–Bessent meeting in Washington for potential U.S. support as the October 26 political timeline keeps volatility elevated.