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2h ago

Argentina Markets Rally on U.S. Trade Pact as Official Peso Eases

Banco Nación set the retail dollar at 1,425 pesos, with reserves near USD 40.6 billion as Fed signals keep FX volatile.

Subieron las acciones luego del acuerdo con los Estados Unidos
Tanto el dólar oficial como el blue bajaron $5 este viernes.
El Banco Nación sorprendió al revelar el precio que tendrá el dólar el lunes 17 de noviembre cuando abra
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Overview

  • The White House announced a wide U.S.–Argentina trade and investment agreement billed as a strategic alliance covering tariffs, standards, agriculture, intellectual property, labor, critical minerals and digital trade.
  • The official peso closed at 1,375/1,425 at Banco Nación and 1,403 in the wholesale market after a weekly slide of about 20 pesos, and the bank confirmed a 1,425 opening for Monday, Nov. 17.
  • Parallel and financial dollars moved unevenly, with blue around 1,410/1,430, MEP near 1,452–1,458 and CCL about 1,485–1,487, keeping spreads relatively narrow.
  • Equities and sovereign bonds climbed, with the S&P Merval up roughly 4%, Argentine ADRs advancing up to about 5% and bonds rising as country risk edged to around 612–616 basis points.
  • Record corporate dollar issuance above USD 3.15 billion added FX supply as gross reserves were reported near USD 40.636 billion after a USD 44 million dip, while Fed communications and disrupted U.S. data releases shaped regional currency moves.