Overview

• The official dollar closed near ARS 1,425 at Banco Nación and ARS 1,416.5 in the wholesale market, leaving the rate about 3.8% below the floating band’s ceiling without confirmed intraday intervention.
• Country risk topped 1,100 basis points as measured by JP Morgan, holding at the year’s highs after Monday’s shock.
• After double‑digit losses, Argentine ADRs and sovereign bonds posted a modest rebound while the Merval finished little changed.
• Futures price a weaker peso into year‑end, with market levels near ARS 1,446 for late September and around ARS 1,600 by December, as surveys also nudged up dollar and inflation projections.
• The IMF publicly backed the program through spokesperson Julie Kozack, Economy Minister Luis Caputo reaffirmed policy continuity, BCRA gross reserves were reported around US$40.5 billion, and the Treasury faces a rollover of roughly ARS 7.2 trillion.