The Central Bank of the Argentine Republic (BCRA) closed the month of May with a new net purchase of USD 70 million in the official exchange market, extending its buying streak to 97 consecutive sessions and consolidating the reserve accumulation process driven by the government of Javier Milei.
The operation took place during a day of high activity in the exchange market, with a traded volume of USD 719.9 million in the spot segment. In this context, the monetary authority absorbed nearly 10% of the private currency supply, maintaining the positive trend it has been recording since the beginning of the year.
Meanwhile, the official retail dollar remained stable at $1,430 for sale at Banco Nación, while the wholesale dollar closed at $1,408, with a slight decrease of two pesos compared to the previous session. According to market operators, the day proceeded normally and within a limited range of quotes, reflecting a scenario of relative exchange rate stability.
The continuity of the Central Bank's purchases occurs in a context of strengthening Argentine assets. During the day, the S&P Merval index rose by 2.5%, while Argentine stocks listed in New York recorded increases of up to 5.6%. Additionally, the country risk fell to 493 basis points, its lowest level since early February.
