Overview
- - The Banco Nación retail dollar fell to $1,420 and the blue ticked to $1,435, while the wholesale rate hovered at $1,400–$1,405 after a fifth straight drop.
- - The BCRA bought about USD 214 million, its largest daily purchase since March 2025, taking roughly 36% of market volume and lifting gross reserves to about USD 45.3 billion.
- - February FX purchases now total roughly USD 1.9 billion as the central bank extends a streak of positive interventions.
- - January inflation of 2.9% will raise the managed band’s ceiling to around $1,650–$1,654 by late March, widening the gap from spot to roughly 13%–18% and weakening the easy carry‑trade setup.
- - Analysts cite strong export liquidations, corporate and provincial debt placements, renewed peso carry flows, and a softer global dollar as key drivers, while LatinFocus projects a gradual move to about $1,728 by end‑2026.