Argentina's foreign exchange market showed signs of stabilization on Friday, with the gap between the official and parallel dollar rates narrowing to historic lows.
The official dollar traded at 1,445 pesos for purchase and 1,495 for sale in banking entities.
Meanwhile, the parallel 'blue' dollar, a key barometer of market sentiment and capital flight pressure, was quoted at 1,510 for purchase and 1,530 for sale.
This minimal spread suggests that market participants are increasingly confident in the official rate, reducing the premium typically demanded for informal transactions.
The convergence of these rates is notable against a backdrop of a strengthening US dollar globally.
Recent data indicates the greenback has surged to its highest level against the euro since March, driven by shifting expectations toward a more restrictive Federal Reserve policy path.