Argentine Peso Weakens as Dollar Rises for Fourth Day, BCRA Intervention Slows

The Argentine peso continued to depreciate as the wholesale dollar rate rose for a fourth consecutive day, closing at 1.526 per USD. The central bank (BCRA) intervened by purchasing only USD 46 million, less than half of Tuesday's amount, while reserves increased to USD 50.225 million. The reduced intervention suggests a potential shift in policy or market dynamics, but the sustainability of this trend remains uncertain.