Overview
- The Banco Central bought about USD 32 million on Monday and pushed July purchases to roughly USD 1.476 billion, extending a long streak of net dollar buys that helped raise gross reserves to about USD 48.8 billion.
- The informal 'dólar blue' has climbed to roughly ARS 1,525–1,545, moving close to its nominal record and widening the gap with the official wholesale and retail rates near ARS 1,480 and ARS 1,500 respectively.
- Argentina’s stocks and ADRs advanced this week led by energy names, while the country risk measure hovered around 410–417 basis points, reflecting cautious investor optimism.
- Market participants point to expected second‑half inflows from agriculture, mining and energy as a key support for the peso, and the Economy Ministry approved Pampa Energía’s Rincón de Aranda (Vaca Muerta) project under RIGI.
- Traders say the next major catalysts are fiscal results, Treasury debt operations and possible rating moves such as Moody’s, and that shifts in oil prices or Middle East tensions could quickly alter the dollar and asset outlook.