Particle.news
Download on the App Store

Argentina’s Central Bank Extends Dollar-Buying Streak as Reserves Top $45 Billion and Official Peso Sets Multi‑Month Low

Heavier supply from export liquidations plus recent debt placements has eased pressure on parallel rates, keeping the retail dollar near 1,420 pesos.

Overview

  • Banco Central bought another USD 80 million in the official market, marking 31 consecutive buying sessions and taking year‑to‑date purchases above USD 2.1 billion.
  • Gross international reserves rose to USD 45.129 billion, exceeding 20% of the institution’s USD 10 billion accumulation goal under its current program.
  • The wholesale rate fell to about ARS 1,391, its lowest nominal level since mid‑October, while the retail dollar hovered around ARS 1,420 across major banks.
  • Blue traded near ARS 1,435–1,440 and financial dollars were mixed to lower as export liquidations and corporate and provincial debt inflows increased supply.
  • Policy and market drivers included a congressional labor‑reform debate and a CGT strike that did not disrupt banking operations, with country risk back above 500 points and global risk sentiment shaped by Fed minutes and Middle East tensions; the Mexican peso traded near 17.25 per USD.