Overview
- The White House described the announcement as a strategic alliance that outlines tariff changes, market access, technical standards, intellectual property, agriculture, environmental measures, security of investment, and digital trade pillars.
- Argentine assets jumped after the news: the S&P Merval rose roughly 3.8%–4.4% with export‑linked shares up double digits, and sovereign bonds gained up to about 1.4% as country risk hovered near 612–616 basis points.
- The official peso closed at 1,375/1,425 (buy/sell) at Banco Nación, down about ARS 20 on the week, while the blue dollar ended at 1,410/1,430 and financial rates were mixed with MEP near 1,453 and CCL around 1,485.
- Market mechanics showed steady flows: the wholesale rate was 1,403, roughly 7% below the reported band ceiling near 1,503, reserves stood at US$40.636 billion (down US$44 million on the day but higher on the week), and spot turnover reached about US$597 million.
- Broader markets recalibrated Fed easing odds to roughly 46%–53% for December; risk assets softened with bitcoin slipping below US$96,000, while Mexico’s peso finished near 18.31 per dollar with a slight weekly gain and local equities down for the week.