Overview

• The official rate dipped after Monday’s spike, with the mayorista closing at ARS 1,356.5 and the minorista near ARS 1,370, while the blue held around ARS 1,365.
• The central bank lifted bank reserve requirements again and the Treasury moved to absorb pesos with TAMAR, Lecaps and dollar‑linked offerings, with a new auction scheduled for Wednesday.
• Stocks and dollar bonds sank during the sell‑off, with some ADRs down as much as 10% and country risk jumping toward about 829 basis points.
• Futures markets priced the wholesale dollar above ARS 1,550 for December and traded roughly US$1.68 billion in contracts on Tuesday.
• Gross reserves hovered near US$41.2 billion after a US$261 million drop, while pre‑election uncertainty kept dollar demand elevated.