Particle.news
Download on the App Store

Argentina’s Dollar Market Calms as Bonds Firm and Risk Gauge Hits Nine-Month Low

With trading muted by a bank holiday, investors focus on potential reserve purchases by the Treasury and the central bank.

Overview

  • Banco Nación quoted the official dollar at $1,425 for buying and $1,475 for selling after a $10 pullback.
  • The blue dollar traded roughly between $1,420 and $1,455, while the MEP hovered near $1,479–$1,482 and the CCL around $1,492–$1,503.
  • The Treasury rolled over about 111% of maturing peso debt in its latest auction, extending maturities and reducing rates.
  • Argentine sovereign bonds extended gains as JP Morgan’s country-risk index eased to around 621 points, the lowest in nine months.
  • Local FX activity was thin due to the Día del Bancario, and desks highlighted possible reserve buying while also watching Mexico’s Banxico, with the peso near 18.57–18.60 per dollar on expectations of a 25 bp rate cut.