Particle.news
Download on the App Store
10 ARTICLES
·
5h ago

Peso Under Pressure as Official Dollar Reaches ARS 1,500 and Stocks Rally

Weak agro export inflows are pushing the wholesale rate to within 1% of the band ceiling.

Image
El mercado le exige comprar reservas al BCRA, pero está cerca de tener que vender divisas si la cotización llega a tocar el techo, que está muy cerca
El dólar oficial arrancó la semana en alza.
El Banco Central ajusta sus reservas tras el pago de intereses al FMI.

Overview

  • Banco Nación’s retail dollar closed at ARS 1,500 and the wholesale rate jumped 2.6% to ARS 1,482, roughly 1% below the ARS 1,497.50 ceiling.
  • October agro dollar liquidations fell to USD 1,117 million, down 56% year on year and 84% versus September, reducing private FX supply.
  • Peso liquidity increased after the Treasury renewed only about 57% of maturities and injected roughly ARS 5.1 trillion in a recent auction.
  • The Central Bank’s gross reserves rose by USD 1,404 million to USD 40,786 million on month‑start adjustments, as MLC volumes swelled to about USD 572–575 million.
  • Equities extended gains with the S&P Merval up about 3.4% and Argentine ADRs higher, as investors reacted to cabinet changes and Alejandro Lew’s appointment as finance secretary; country risk stood near 669 bps.