Argentina's official and blue dollar rates: October 2 live updates
Argentina's official dollar rate stands at 1,545 pesos for sale at Banco Nación on Friday, while the informal "blue" dollar rose 5 pesos to 1,560 pesos in Buenos Aires' parallel market. The blue dollar's increase follows a 5-peso drop the previous day, when it closed at 1,555 pesos. The Central Bank reported net dollar purchases of 93 million USD on Thursday, amid a rising country risk index that reached 650 basis points. Analysts are monitoring Brazil's presidential elections this Sunday, as the neighboring country accounts for 28% of Argentina's multilateral real exchange rate basket and is its main trading partner. Industrial leaders at the IDEA conference project the dollar reaching 1,650 pesos by year-end.