Argentina official dollar hits year high at 1565, lags inflation

Argentina's official retail exchange rate rose 5 pesos to 1565 at Banco Nación, marking the highest level of the year, while country risk stands at 779 bps. The peso's depreciation trails inflation, implying real appreciation, which may pressure competitiveness and reserves. The move signals ongoing managed devaluation amid high inflation and market distortions.

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