Overview
- Local equities jumped after the announcement, with the S&P Merval up roughly 3.8%–4.4% and export‑linked names leading gains such as Aluar (~+13%) and San Miguel (~+26%).
- The official peso ended the week lower at Banco Nación ARS 1,375/1,425, the blue dollar traded near ARS 1,410/1,430, and financial dollars showed mixed moves with MEP around ARS 1,452–1,454 and CCL near ARS 1,485–1,500.
- FX trading volume reached about USD 597 million in the official market and gross reserves were reported near USD 40.64 billion, easing short‑term pressure on BCRA intervention alongside strong corporate debt placements.
- Soybean futures in Chicago hit a 17‑month high at USD 421.45 per ton on slower Brazilian planting, fresh Chinese demand signals and the return of USDA reporting after the U.S. government reopening.
- Regional currencies reflected global policy caution, with Peru’s BCRP buying over USD 70 million to moderate sol appreciation around S/3.36–3.38 and Mexico’s peso closing near 18.31 per dollar with a modest weekly gain.