Overview

• Banco Nación quoted the official dollar at ARS 1,400/1,450, the blue traded at ARS 1,440/1,460, the MEP near ARS 1,526 and the CCL around ARS 1,574, with the wholesale rate at ARS 1,423.
• The Central Bank did not intervene in the MULC on Wednesday, while the Treasury executed FX operations exceeding US$2.0 billion and placed a visible sell barrier near ARS 1,425.
• Gross international reserves were reported at about US$42.231 billion, marking the highest level since early August according to published data.
• Sovereign bonds extended losses and the country risk rose toward roughly 1,230 basis points, with local equities and ADRs also weaker.
• Pre‑election demand for dollar coverage intensified, widening the gap with financial rates; traders reported futures pricing further depreciation and authorities reinstated a 90‑day cross‑restriction for those buying at the official market.