Overview
- Banco Nación’s retail dollar rose to about $1,425 and the wholesale rate hovered near $1,405–$1,406, extending gains after Tuesday’s sharp moves that marked the biggest daily rise since early January.
- The Treasury completed the debut AO27 dollar bond with US$150 million at roughly 5.74% nominal (5.89% effective) and opened a second round of up to US$100 million, while skipping fixed‑rate peso paper in the auction.
- Market desks reported a 93% rollover of peso maturities and estimated a roughly ARS 500 billion liquidity injection, reinforcing expectations for lower short‑term rates and higher FX demand.
- The Central Bank kept buying dollars (about US$85 million on Wednesday), lifting gross reserves to roughly US$47 billion and taking 2026 net purchases to around US$2.64 billion.
- Financial dollars edged higher (MEP near $1,432 and CCL around $1,476) as JPMorgan’s risk index climbed above 550, while analysts flagged an appreciated real exchange rate and debated whether the bounce marks a floor or a pause.