Overview
- Argentina’s S&P Merval jumped to a new nominal record above 3 million points, with Argentine ADRs also advancing in New York.
- J.P. Morgan’s Argentina sovereign risk gauge fell to about 647 basis points, the lowest in nine months, alongside broad gains in hard-currency bonds.
- The BCRA issued Communication A-8350 to shift minimum cash reserve calculation to a monthly basis from November 1 with a 95% daily maintenance floor to ease day-to-day liquidity strains.
- Official dollar references in Argentina hovered near 1,475 pesos retail and about 1,445 wholesale, while blue and financial rates held in a tight range.
- The Mexican peso weakened for a fourth session to roughly 18.55–18.57 per dollar as a firmer greenback reflected Fed commentary; Bitcoin traded near $110,000 with roughly $900 million in recent ETF outflows as traders watched upcoming U.S. inflation data.