Overview

• Banco Nación quoted the dollar at ARS 1,305/1,355 on Friday, with the wholesale rate back below the BCRA band ceiling after roughly ARS 160 of weekly losses.
• Blue dollar levels stood around ARS 1,390/1,410 nationally, with Córdoba near ARS 1,425, highlighting persistent segmentation across regions.
• Financial dollars traded close to the blue: MEP around ARS 1,374.50/1,381.70 and CCL near ARS 1,395.90/1,402.00.
• The U.S. Treasury’s support for Argentina was reported to include a developing US$20 billion swap commitment, with officials reiterating backing pending formal approvals.
• Reserves were reported near US$39.349 billion as markets absorbed a pullback in sovereign assets, with ADRs and dollar bonds down up to about 8.4–8.8% and country risk at 977 bps.