Overview

• The wholesale dollar traded near 1,422 pesos and the BCRA average stood around 1,382 for buying and 1,435 for selling, with Banco Nación at 1,425.
• Financial rates edged above the wholesale level, with MEP near 1,435 pesos and CCL around 1,439, reflecting brechas of roughly 1.8% to 2.1%.
• Parallel quotes climbed as well, with the blue in Rosario at 1,384/1,435 pesos and Bahía Blanca reported around 1,410.
• Country risk closed Monday at 1,108 basis points after global bonds fell about 6% to 8% and the Merval dropped 16.7% in dollars, then saw partial rebounds Tuesday in stocks and some bonds.
• Analysts warned that, despite available liquid reserves, net reserves remain negative due to IMF-leveraged buffers, underscoring pressures on the banded exchange-rate regime.