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Official Dollar Holds at 1,450 as Blue and Financial Rates Ease After Reported Sales

Markets weigh a U.S. swap-line pledge and an upcoming Caputo trip to Washington ahead of the Oct. 26 legislative elections.

Overview

  • Banco Nación closed at $1,400 buy and $1,450 sell, with the wholesale rate at $1,424.5 after a modest rise contained by intervention.
  • Parallel and financial quotes pulled back: blue fell to $1,450 sell, MEP slipped to about $1,507 and CCL to roughly $1,556, narrowing spreads to recent lows.
  • Market operators reported about US$300 million in official or quasi-official dollar selling offers during the session; earlier in the week the Treasury bought over US$2,000 million.
  • Gross international reserves were reported at US$42,231 million, and prices for digital dollars such as USDT hovered near $1,534 on major exchanges during the day.
  • U.S. Treasury Secretary Scott Bessent said support would be via a swap line rather than a direct cash injection, as Economy Minister Luis Caputo prepares to visit Washington.