Overview

• Banco Nación quoted the official dollar at ARS 1,450 for sale on October 2, with the wholesale rate near ARS 1,423 under the managed-band regime.
• The blue dollar traded around ARS 1,440/1,460, the MEP hovered near ARS 1,523–1,526, the CCL around ARS 1,573–1,574, and the card rate stood near ARS 1,885.
• Authorities continued to lean on market operations, with reported Treasury dollar sales exceeding US$2 billion and gross reserves around US$42.231 billion.
• Traders flagged official sell orders near ARS 1,425 in the wholesale market as risk indicators climbed to roughly 1,230 basis points and dollar bonds and ADRs extended losses.
• With elections set for October 26, demand for hedging persists, while regionally the Peruvian sol closed near S/3.485 on October 1 and Banxico’s FIX was set at 18.3825 MXN/USD for October 2.