Dólar Blue Holds at $1,530/$1,550 After Three Quiet Sessions

Overview

• On Wednesday, October 14, the parallel dólar blue closed at $1,530 for buying and $1,550 for selling after three consecutive sessions without declines.
• The official wholesale rate ended around $1,513, leaving the blue about 2.4% above the mayorista while financial quotes showed the CCL near $1,615.88 and the MEP near $1,537.67.
• The Central Bank of Argentina bought $101 million on the day, lifting October purchases to $732 million even as reported reserves slipped for the first time after a run of gains.
• Market activity was sizable with $580.4 million traded in spot and $766 million in futures, a liquidity flow that market operators say helped absorb demand and contain sharper peso depreciation.
• A stronger global dollar and investor concern about further US rate hikes are shaping local sentiment, and households and businesses continue to watch multiple exchange rates because they affect saving and payment choices.