Overview
- Official exchange rates advanced after the long weekend, with Banco Nación’s retail at $1,470, the wholesale at about $1,447.50, the blue near $1,460, and financial dollars higher.
- Economy Minister Luis Caputo denied a USD 20 billion private‑bank facility, while reporting from the Wall Street Journal pointed to a smaller repo of roughly USD 4–5 billion, with market chatter around a USD 4.5 billion option still unconfirmed.
- Sovereign risk hovered in the mid‑600s, with readings around 651–656 basis points as investors repriced the outlook for external support and near‑term financing.
- The Central Bank cut its reference rate for simultaneous operations to 20% nominal annual, boosting peso liquidity and adding pressure on the exchange rate ahead of the week’s debt placement.
- The Treasury faces a key peso auction with roughly $14.5–15 trillion in maturities, as reserves ticked up by about USD 227 million, reported micro‑purchases totaled near USD 350 million, and private energy debt issuance was set to bring in around USD 4 billion in November.