BCRA resumes dollar purchases, but gross reserves fall by about USD 447 million
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What happened
The Central Bank of Argentina bought USD 47 million in the official FX market on October 29 after three sessions without intervention, while gross reserves declined by about USD 447 million to USD 50.154 billion.
Why it matters
The data show that renewed spot-market purchases did not translate into a higher gross reserve stock on the same day. That keeps market focus on the size of foreign-currency outflows linked to Treasury needs, debt service, or other balance-sheet factors over the next few sessions.
On October 29, the Central Bank of Argentina returned to buying dollars in the official foreign-exchange market after three sessions without intervention, purchasing USD 47 million. Despite that, gross reserves fell by about USD 447 million to USD 50.154 billion. The mixed signal keeps attention on whether spot-market buying is being offset by Treasury payments or other hard-currency uses ahead of near-term external obligations.
Watch for
BCRA publication on October 31 of October 30 FX intervention data showing whether net spot purchases continue or return to zero/sales BCRA reserve statement on October 31 showing whether gross reserves rebound above USD 50.154 billion or post another daily decline Secretaría de Finanzas or Economy Ministry notice by November 1 detailing any hard-currency debt payment, rollover, or Treasury FX operation affecting reserves MAE and A3 Mercados price data on October 31 showing whether the official FX market volume and peso-dollar gap narrow after the BCRA's renewed purchases
Sources
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