Overview

• Fuerza Patria won the Buenos Aires legislative race with roughly 47%, prompting a swift repricing across Argentina’s foreign-exchange markets.
• Banco Nación’s dollar opened near ARS 1,450–1,460, with some banks quoting up to ARS 1,470, as the wholesale rate briefly touched the mid-ARS 1,400s before easing.
• The Treasury and the central bank participated in the MULC using Treasury deposits, and reported gross reserves hovered around US$40.52 billion.
• Multiple exchange rates underscored fragmentation: blue around ARS 1,370, MEP and CCL near ARS 1,383–1,391, and crypto quotes such as USDT around ARS 1,423 after overnight surges.
• Volatility intensified with weakening Argentine assets and rising risk metrics near 1,000 basis points, as traders watched the band ceiling of roughly ARS 1,469–1,471.