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Argentina’s Peso Splinters Across Dollar Markets as Officials Defend Trading Band

Officials are guiding the market with targeted offers under a ceiling that keeps the wholesale rate in check, with reserves reported near US$42.23 billion.

Overview

  • Banco Nación screens show the official dollar at ARS 1,400 (buy) and ARS 1,450 (sell), while the wholesale rate trades near ARS 1,423–1,425, below the BCRA’s band ceiling around ARS 1,481.
  • The blue dollar runs at ARS 1,440/1,460 as financial quotes stay higher, with MEP around ARS 1,523–1,527 and CCL roughly ARS 1,565–1,574, leaving gaps versus the official of about 2.6% to 10.6%.
  • Traders report coordinated Treasury and central bank operations, including a sell wall around ARS 1,425, following late‑September intervention that drew scrutiny over reserve use.
  • Gross international reserves are now reported at approximately US$42.231 billion after a sharp weekly swing, and the official rate has risen roughly ARS 100 so far this week as benchmark deposit rates also tick higher.
  • Crypto dollar quotes on local platforms hover near ARS 1,530–1,540 and are increasingly watched as an alternative reference during election‑period volatility.