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36m ago

Official Dollar Reaches 1,430, Matching Blue as Wholesale Rises on Heavy Flows

Heavy wholesale turnover tied to fresh debt placements tightened gaps across Argentina’s FX market.

El dólar oficial subió a $1.430 y alcanzó al blue, en una rueda con fuerte volumen mayorista y mercados financieros que rebotaron tras las bajas iniciales.
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Overview

  • The Banco Nación retail dollar closed at ARS 1,430 for sale, aligning with the parallel blue market’s ARS 1,430 sell price.
  • The wholesale rate ended at ARS 1,406.50 after intraday highs near ARS 1,408, with USD 574 million traded in the Mercado Libre de Cambios and a second straight daily increase.
  • The wholesale quote finished roughly ARS 100 below the official exchange-band ceiling set at ARS 1,505.48.
  • Financial-dollar measures rebounded, with MEP around ARS 1,441–1,445 and CCL near ARS 1,472–1,481, as futures advanced and turnover reached about USD 910.7 million.
  • Market flows were bolstered by recent issuances, including a CABA USD 600 million placement at 8.125%, while BCRA reserves stood at USD 40,620 million and euro quotes showed similar dual-market segmentation.