Argentina dollar seen at 1,630 pesos by December, but weak peso to persist for competitiveness

Argentine analysts project the official dollar reaching 1,630 pesos by December, driven by seasonal agricultural liquidation slowdown and inflows from corporates, provinces, mining, and oil & gas. The forecast implies continued depreciation to maintain export competitiveness, with reserve accumulation and country risk as key variables. This signals ongoing managed devaluation in Argentina's FX market.