Overview
- The Banco Central de la República Argentina completed seven consecutive net‑buying sessions, recording a US$43 million purchase on Thursday and accumulating about US$431 million since September 30.
- Argentina's wholesale exchange rate fell to ARS 1,515.50 and the informal 'blue' slipped to ARS 1,540, narrowing the gap with retail bank quotes and widening distance from the band ceiling set by the BCRA.
- Gross foreign‑exchange reserves rose by roughly US$187 million to about US$49.3 billion while on‑screen spot turnover reached near US$501.6 million, reflecting stronger dollar supply in recent sessions.
- Private dollar deposits hit a record near US$42.15 billion as of October 2, increasing household dollarization and limiting the central bank's policy room to respond if demand for FX spikes.
- Regional currency moves sharpen the policy tradeoffs: Mexico's peso slid in September with higher producer prices and reduced remittance purchasing power, and the Dominican central bank published Oct. 7 reference rates that guide local FX pricing.