Overview
- BCRA bought another $80 million on Thursday, lifting January purchases above $900 million and pushing gross reserves to $45.399 billion, the highest since September 2021.
- The official dollar closed at 1,450 pesos at Banco Nación and the wholesale rate at 1,429.50, extending the gap from the top of the managed band to roughly 8–9%.
- Informal and financial rates were steady to lower, with the blue near 1,495–1,500 pesos and MEP/CCL easing, as carry incentives and corporate hard‑currency inflows support supply.
- Very short peso funding costs jumped intraday to roughly 38–46% TNA, signaling tight liquidity as the central bank absorbs pesos created by its FX purchases.
- In Mexico, the peso settled around 17.48 per dollar as an inflation print of 3.77% reinforced caution on Banxico easing and market nerves eased after President Trump’s Greenland remarks.