Overview

• Banco Nación’s retail dollar closed at $1,465 after a $20 rise to a new nominal high, while the wholesale rate ended near $1,453.85, roughly 1–2% below the $1,472 band limit.
• Traders reported the Central Bank offered about US$200 million at $1,472 to cap the move, after the IMF was notified of earlier Treasury spot interventions and urged a transparent, consistent FX framework.
• The parallel and financial rates advanced, with the blue around $1,425, the MEP near $1,461 and the CCL around $1,468–$1,471 at fresh nominal records.
• Argentine assets slumped, as the S&P Merval fell about 3%, ADRs dropped as much as 7–8%, sovereign bonds lost up to 4–5% and the risk premium held above 1,000–1,100 basis points.
• The week’s pressure followed the ruling coalition’s defeat in Buenos Aires province, as policy shifts on liquidity and rates met a 91.4% Treasury rollover and futures priced roughly $1,460 for late September and about $1,586–$1,605 by December.