# Wholesale Dollar Rises at Start of November and Approaches 1,550 Pesos: What Happened to Reserves

> The Argentine wholesale dollar rose 0.7% on Monday to 1,544 pesos, driven by hedging demand and regional currency volatility. Central bank reserves fell because of IMF debt payments despite official dollar purchases, and futures point to 1,569 pesos by end-November.

- Date: 2026-11-02 · published 2026-11-02T21:27:51.702Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/76214-wholesale-dollar-rises-at-start-of-november-and-approaches-1-550-pesos-what
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

A weaker peso raises the local cost of imported feed inputs and can change Argentine export selling incentives for soybeans and meal. The move is incremental and mainly reflects currency and reserve dynamics rather than grain supply.

## Read by commodity

- USDARS: bullish ▲

## Sources

- lagaceta.com.ar: https://www.lagaceta.com.ar/nota/1160698/economia/dolar-mayorista-sube-inicio-noviembre-se-acerca-1550-paso-reservas.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.