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    3. Wholesale Dollar Rises for Second Consecutive Session, But Remains Below $1.500

    Wholesale Dollar Rises for Second Consecutive Session, But Remains Below $1.500

    By: rootdata|2026/08/04 18:43:00
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    The foreign exchange market began August with renewed upward pressure. Thus, the official dollar marks its second consecutive rise this Tuesday, approaching $1.500 in the wholesale segment. Experts expect greater tension on the exchange rate due to increasing demand for coverage, in a context of lower currency flow due to seasonal issues.

    The wholesale dollar rises and operates at $1.498. Thus, it is positioned at 23.5% of the ceiling of the exchange rate band, which today is set at $1.849.35.

    Market sources highlight that the exchange rate is once again testing the psychological barrier of $1.500 during the session, while the one-day collateral rate decompresses to 21%.

    From PPI, it was noted that "the expansion of currency coverage was led by dollar-linked instruments." "$3.467 million was placed in the Dual TAMAR/Dollar Linked maturing in January 2028 (after the presidential election), while the stock of pure dollar-linked securities in private hands increased by another $1.280 million, among primary placements and interventions by the BCRA in the secondary market," they added.

    On the other hand, futures contracts show a majority of declines of up to 0.2% in the 2026 segments. The market estimates that the wholesale exchange rate will be at $1.512 by the end of August and around $1.623.5 in December.

    In the retail segment, the Banco Nación (BNA) dollar is sold at $1.515 for sale. The card dollar operates at $1.846.0. Meanwhile, according to the survey of financial entities conducted by the Central Bank (BCRA), the official exchange rate averages $1.517.29 for sale.

    Among financial instruments, the CCL operates at $1.586.18, while the MEP is at $1.526.13. Likewise, at the informal level, the blue dollar is sold at $1.555 for sale, according to a survey by Ámbito in the city’s caves.

    BCRA Interventions

    According to private estimates, the BCRA sold $415 million in dollar-linked instruments on July 28, while the Treasury placed another $145 million in the official market. Additionally, during the last auction, $2.583 million net in dollar-linked securities were awarded.

    In the accumulated total for July, the monetary authority would have sold around $1.500 million of these instruments in the secondary market, and its short position in futures could have increased from the $492 million recorded in June to a maximum of $800 million.

    Despite these interventions, the Central maintained a sustained demand for foreign currency and bought $2.163 million in July, equivalent to an average daily of $103 million, the third-best result of 2026 behind April and May.

    Reserves Surpass $49 Billion Again

    The BCRA began August with a new purchase in the official exchange market and, at the same time, international reserves recovered a good part of the decline recorded at the end of July.

    Specifically, the monetary authority acquired $18 million this Monday, August 3, in a session with a traded volume of $514 million, absorbing about 4% of the total traded.

    With this result, the buyer balance for the month stood at $18 million, while the accumulated purchases in 2026 reached $13.345 million.

    Thus, the Central has chained four sessions with a buying presence, after having interrupted at the end of July a streak of 135 consecutive days with a positive balance.

    This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.

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    Contents

    BCRA Interventions
    Reserves Surpass $49 Billion Again

    Latest articles

    2026/08/04

    Wholesale Dollar Rises for Second Consecutive Session, But Remains Below $1.500

    The official exchange rate started August on the rise, while the Central Bank seeks to continue accumulating reserves after purchases of $18 million this Monday.
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