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Peso Ends Week With Blue Near ARS 1,410 as MEP/CCL Rebound and Risk Premium Rises

Traders cite reported U.S. support alongside exporter inflows, with reserves near US$39.35bn.

Overview

  • Banco Nación quoted the official dollar at ARS 1,305/1,355 and the wholesale reference near ARS 1,337 on Friday.
  • The blue dollar traded around ARS 1,390/1,410 in Buenos Aires, with a higher quote reported in Córdoba at roughly ARS 1,425.
  • Financial-dollar rates bounced, with MEP near ARS 1,380 and CCL fluctuating around ARS 1,403–1,414.
  • Argentine stocks and dollar bonds fell on Thursday, lifting the EMBI country risk to about 977 basis points.
  • Reported BCRA reserves hovered around US$39.349bn, with no spot intervention in the MULC on Thursday and market narratives tying the week’s peso moves to a reported US$20bn U.S. Treasury swap after the TrumpMilei meeting.