Overview

• Argentina’s official dollar closed near $1,335 for sale at Banco Nación and the blue dollar finished at about $1,345, marking a third straight rise and the month’s highest official level.
• The BCRA said it sold about US$1.902 billion in dollar‑futures in July, taking its net short to roughly US$3.811 billion, the largest since 2022.
• An IMF staff report cited a larger July short position near US$5 billion, a gap attributed to month‑end contract expiries and data timing that market analysts say may have been rebuilt afterward.
• Gross international reserves edged up US$19 million to roughly US$41.499 billion, the first increase in six sessions, while MEP and CCL hovered near $1,328–$1,334 with spreads around 1%.
• Global dollar weakness after Jerome Powell’s Jackson Hole remarks helped regional FX, with Mexico’s peso strengthening and the dollar sliding to about 18.59 pesos by the close.