Dollar rates hold steady in Argentina on Sunday, August 16

Argentina's currency markets saw no activity on Sunday, August 16, with both the official and informal "blue" dollar rates holding steady at their previous business day's closing figures. This pause in trading means the official exchange rate, as tracked by the Banco Nación, remains at 1460 pesos to buy and 1510 pesos to sell.

Similarly, the parallel or "blue" dollar, traded in the informal market, maintained its rate from the last working day. It was quoted at 1498.65 pesos for buying and 1545 pesos for selling. Financial dollar rates, encompassing the MEP (dollar Bolsa) and CCL (contado con liquidación) through stock market operations, also held their previous closing values.

In economic news, Argentina's inflation rate for July was reported at 2.1%. This figure breaks a three-month streak of deceleration, signaling a potential shift in price trends. The cumulative inflation for the year now stands at 19.3%, with the annual rate reaching 22.8%, according to data from Indec. Core inflation, which excludes seasonal and regulated prices, was 1.8%, slightly higher than June's figure.