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Official Dollar Rebounds to $1,425 as Blue Eases, Narrowing Argentina’s FX Gap

A reserve uptick plus an October primary surplus is reinforcing a fragile calm built on renewed corporate‑province borrowing.

Overview

  • Banco Nación’s retail dollar closed at $1,425 and the wholesale rate recovered to $1,400 after five straight declines.
  • The blue dollar fell to $1,430, leaving a gap of just $5 versus the Banco Nación quote by the end of the session.
  • Financial quotes stayed higher: MEP near $1,439–$1,440, CCL around $1,471–$1,477, and crypto-based dollars near $1,470–$1,486.
  • The Central Bank reported gross reserves up USD 264 million to about USD 40.62 billion, as the Economy Ministry confirmed an October primary surplus of ARS 823,925 million.
  • Analysts credit resumed corporate and upcoming provincial debt placements with supporting the ‘pax cambiaria’, while local equities finished slightly higher and sovereign bonds edged lower.