Overview

• Banco Nación quoted the retail dollar at ARS 1,370, while the wholesale rate eased ARS 5.5 to close at ARS 1,356.5, breaking a four-day advance.
• The BCRA raised bank reserve requirements again and operated in futures, as the Treasury prepared a sale of Lecaps, dollar‑linked securities and TAMAR bonds to absorb pesos.
• After Monday’s selloff, Argentine stocks and ADRs had fallen as much as about 10% and sovereign bonds dropped, with country risk hovering near or above 800 basis points.
• Financial dollars traded unusually tight to the official rate, with MEP and CCL near ARS 1,355–1,358 and at times below the official, while the blue closed at ARS 1,365.
• Futures pricing pointed to a materially weaker peso by year‑end, with December contracts around ARS 1,550+, as political uncertainty from the ANDIS audio scandal heightened dollar demand and Luis Caputo called high rates transitory.