Overview
- Banco Nación’s official dollar closed at 1,485 pesos, down 15 on Tuesday, while the wholesale rate finished near 1,454–1,459 against a 1,498 band ceiling.
- Financial quotes diverged as MEP hovered around 1,495 pesos and CCL near 1,511–1,516, while the blue dollar rose to roughly 1,455.
- After a sharp post‑election advance, local assets showed consolidation: the S&P Merval slipped about 0.2%–0.3% in pesos, ADRs mostly fell, and sovereign bonds traded mixed as country risk held near 655–670 basis points.
- The Treasury faces roughly 10–10.8 trillion pesos in maturities in Wednesday’s sale, a first major test for Finance Secretary Alejandro Lew that aims to extend tenors and secure rollover.
- Central Bank reserves stand near US$40.8 billion, about US$822 million in IMF interest payments are due this week, and futures imply a wholesale rate near 1,478 pesos by end‑November and 1,513 in December.