Overview
- On the bands’ debut, Argentina’s official dollar rose $15 to AR$1,495 at Banco Nación, with the wholesale rate at AR$1,475 after a roughly 1.4% move.
- The new regime updates the floor and ceiling by the most recent CPI; January reflects about 2.5%, putting the ceiling near AR$1,529 now and around AR$1,564 by month‑end.
- Financial exchange rates advanced, with the MEP near AR$1,505 and CCL around AR$1,541, while the parallel blue held near AR$1,530 and risk country eased to roughly 556–557 basis points.
- The BCRA paired the bands with a preannounced reserves‑accumulation plan, though reports indicated no dollar purchases on day one, and an estimated US$4.2 billion sovereign payment next week looms as an early test.
- Mexico’s peso closed the first session at 17.9142 per dollar after a record 2025 appreciation of about 13.7–13.8%, with analysts pointing to the mid‑2026 T‑MEC review and U.S. Fed signals as key to direction and some forecasting scope toward 17 in an orderly scenario.