Overview
- After five declines that took the wholesale dollar to $1,387 on Nov. 18, the official rate climbed back to about $1,400 on Nov. 19, with the retail rate near $1,425 and still well below the $1,504.98 band ceiling.
- Parallel and financial rates remain above the spot: blue around $1,430, MEP roughly $1,439–1,446, and CCL near $1,476–1,485, leaving elevated but recently narrower spreads.
- Gross reserves rose to about USD 40.62 billion, and market data indicated the Treasury resumed modest dollar purchases, with PPI estimating roughly USD 24 million last week.
- Fresh hard‑currency supply from corporate and sub‑sovereign financing underpins the calm, highlighted by YPF’s USD 700 million three‑year pre‑export facility and plans for the City of Buenos Aires to return to markets.
- Equities and sovereign bonds remained volatile as the S&P Merval reversed midday losses to a slight gain, ADRs were mixed, and country risk hovered around 614–623 basis points.