Overview
- Argentina’s dollar rates fell Wednesday, with the retail quote near 1,410–1,415 pesos and the wholesale rate around 1,388–1,393, both well below 1,400 after Fitch raised the sovereign rating to B-.
- The central bank extended its run of hard-currency purchases to 80 sessions, buying US$69 million Tuesday and lifting 2026 net buys to about US$7.29 billion, which supports the peso by rebuilding reserves.
- Parallel and market-based dollars eased, with the blue at 1,380/1,400 pesos near a one-month low, the MEP around 1,426–1,428, the CCL near 1,480, and crypto near 1,466, trimming gaps with the official rate to low single digits.
- Mexico’s peso strengthened to the low 17s per dollar, roughly 17.22–17.38, as investors took comfort from signs of de-escalation in the Middle East and a drop in oil prices.
- Peru’s sol stayed steady around 3.49 per dollar, even touching 3.47 at the open, while Argentina’s wholesale rate remained more than 20% below the ceiling of its exchange-rate band, leaving room for policy to guide daily moves.