Overview
- The official retail rate at Banco Nación held at $1,495/$1,545 while the wholesale (mayorista) climbed to new monthly highs near $1,525–$1,526, reflecting several consecutive sessions of upward drift.
- Parallel and financial rates moved unevenly: the informal blue traded around $1,565–$1,570, the MEP stayed close to the official at about $1,545–$1,548, and the CCL ran materially higher near $1,630–$1,636, putting the CCL–mayorista gap at roughly 7%.
- The BCRA’s October dollar buys lifted gross reserves above US$50 billion, but reporting showed the central bank reduced daily purchases this week and market attention has shifted to the pace of reserve accumulation.
- Traders are watching near‑term Treasury financing needs and the 2027 electoral calendar for potential triggers of renewed volatility, with analysts warning reserves alone may not stop large capital flight if demand for pesos collapses.
- Regional and global risk factors are reinforcing caution: tensions in the Middle East and higher energy prices pressured other emerging currencies like the Mexican peso, which recorded steep losses that feed investor demand for safer assets.