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2mo ago

Peso Falls for Sixth Straight Day as Reserves Dip and Futures Forecast Further Weakness

Futures markets signal further peso depreciation by year-end after reserves fell under debt‐service pressure.

La fluctuación del tipo de cambio del dólar generó que cambie el valor de los autos 0km a lo largo del mes
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El retroceso de los ADR alteró humores
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Overview

  • Official peso-dollar rate closed at 1,285/1,335 at Banco Nación on August 8, marking a sixth consecutive decline.
  • Parallel market rates showed the blue dollar at 1,305/1,325, the MEP at 1,328.41 and the CCL at 1,332.42, underscoring market fragmentation.
  • BCRA reserves fell by USD 400 million to USD 41.741 billion following external debt service and currency interventions.
  • Analysts say the central bank’s supertasa and strong carry-trade inflows have put downward pressure on the official rate.
  • Futures contracts now price the wholesale rate near 1,353.50 by end-August and 1,501 by December, reflecting ongoing depreciation expectations.