Overview
- The central bank bought about $103 million on Tuesday, raising October purchases to roughly $1.1 billion and leaving gross reserves just above $50.2 billion.
- All major peso‑dollar quotations rose over consecutive sessions, with the wholesale rate near ARS 1,525, retail around ARS 1,540–1,545, the informal blue at about ARS 1,560–1,570, and financial rates (MEP/CCL) also higher.
- Argentine sovereign bonds slid in international trading, pushing the JP Morgan 'Riesgo País' from mid‑600s toward about 710 points and increasing the country’s borrowing cost.
- Spot trading volumes were large—roughly $605–673 million—and the BCRA’s share of daily turnover swung from about 3% one day to roughly 15% the next, underlining how flow composition drives market moves.
- Market participants warn the reserve build depends on continued agro and corporate dollar inflows and on global factors such as US yields and oil prices, which together will shape Argentina’s ability to cover upcoming debt maturities and affect household inflation and demand for currency hedges.