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3mo ago

Peso Steadies Before Vote After U.S. Treasury Sales as Official Rate Tests Band

Dollar sales confirmed at roughly US$400–500 million earlier in the week helped cap pressure, leaving traders in a tense calm ahead of Sunday’s legislative elections.

Foto: Composición PerúInforma
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Overview

  • Banco Nación’s retail dollar closed at ARS 1,515, a daily rise of ARS 10 and a weekly gain of ARS 40.
  • The wholesale rate finished near ARS 1,492, within a peso of the BCRA’s upper band set around ARS 1,492.5 after heavy trading.
  • Economy Minister Luis Caputo confirmed U.S. Treasury spot sales this week of about US$400–500 million, while traders reported further activity on Friday without official confirmation.
  • Financial and parallel quotations were choppy, with the blue around ARS 1,510–1,525 and MEP/CCL edging higher into the close after Thursday’s declines.
  • Authorities cited a US$20 billion U.S. swap, gross reserves near US$40.6 billion, and a commitment to maintain the bands regime, as markets judged the calm fragile before results.