The parallel market for US dollars in Argentina showed a compressed premium on Tuesday, with the blue dollar trading just above the official bank rate.
The official dollar was quoted at ARS 1,465 for purchase and ARS 1,515 for sale in banking entities.
Meanwhile, the blue dollar, which reflects the unregulated market rate, was listed at ARS 1,535 for purchase and ARS 1,555 for sale.
This narrow spread indicates a reduction in the arbitrage opportunity that has historically driven demand for the parallel currency.
The convergence suggests that market participants are seeing less divergence between regulated and unregulated channels, potentially reflecting improved liquidity or policy stability in the foreign exchange market.
The tight premium is a key indicator of sentiment in Argentina's complex currency landscape, where the blue dollar often serves as a barometer for inflation expectations and capital controls.