This Wednesday the dollar recorded its fifth consecutive day of increases. Banco Nación sells foreign currency for savers at $1.480ten pesos more expensive than the day before. In the markets, the Argentine stocks on Wall Street they are advancing strongly, especially bank securities despite the balance sheets with losses in the third quarter.
For their part, Argentine bonds are trading with slight increases in the international market, which will imply a moderate fall in the country riskwhich is around the 650 points.
He wholesale exchange ratewhich is taken as a reference to measure the distance with the floating ceiling, also had a very slight increase until $1.450.
The dollarization pressure scenario in the coming days will be marked by four factors: the demand of savers, the maturity of bonds tied to the exchange rate, future dollar contracts and the result of the debt tender for more than $14.5 billion that the Government will face this Wednesday.
A recent report by Macroview, Carlos Melconian’s consulting firm, had calculated that the purchase of foreign currency by savers should be reduced by half from the estimated US$30 billion for all of 2025, to a range of between US$15 and 17 billion. That would mean going from an average monthly rate of between $3 and $4 billion to “no more than $1.3 billion” per month.
The Melconian report calculated that this condition is one of those that should occur throughout 2026 for the numbers to “close” in exchange terms. Other factors would be that the Treasury buys US$10 billion; that the trade surplus remains above that same figure throughout the year; and capital inflow, also for US$ 15,000 million.