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Argentina’s Dollar Eases as Post‑Election Rally Lifts Stocks and Bonds

Improved risk appetite shows up in a local asset rebound alongside reserves near $40.8 billion.

Overview

  • Official retail at Banco Nación closed at $1,410 (buy) and $1,460 (sell) as the wholesale reference hovered near $1,436.
  • The informal blue rate matched the bank counter at $1,440/$1,460, narrowing gaps with the official market to roughly 2%.
  • Financial quotes softened: MEP traded around $1,466–$1,472 and CCL near $1,484–$1,489, with the card rate about $1,898.
  • Market tone stayed constructive after the legislative outcome, with Argentine equities and sovereign bonds extending gains and risk spreads easing.
  • The BCRA reported international reserves around US$40.765 billion and showed limited spot‑market intervention, while Peru’s sol opened at S/3.3866 on Oct. 29 and surveys point to about S/3.75 by year‑end 2025.