Overview

• Treasury-led intervention in the MULC continued on Thursday with about US$150 million sold, according to market sources, extending this week’s official support for liquidity.
• Gross reserves fell by US$208 million to US$40.635 billion as the Central Bank sold on behalf of the Treasury, with analysts estimating cumulative official sales near US$350 million since mid‑August.
• Official quotes held around $1,335/$1,375 at Banco Nación, while the blue traded near $1,365 and financial rates hovered around $1,378 (MEP) and $1,381 (CCL).
• JP Morgan’s riesgo país stood close to 898 points, a five‑month high, and futures priced the wholesale rate near $1,406 for end‑September and about $1,557 by December.
• Finance Secretary Pablo Quirno said the move has IMF backing and framed it as election‑period liquidity support, as he faced pushback from banks after alleging ICBC sought to lift the dollar.