Overview
- Banco Nación’s retail dollar held at ARS 1,475 as the blue hovered near ARS 1,530 and eased to ARS 1,525 by the close, with the MEP finishing just under ARS 1,490 and the CCL near ARS 1,527.
- The Central Bank reported no intervention in the official FX market the prior day, reinforcing its recent hands‑off approach before the new regime begins in the first business days of 2026.
- Consumer card purchases abroad still face a 30% surcharge, placing the dólar tarjeta around ARS 1,917.50 at many banks.
- Sovereign dollar bonds extended gains in the final session of 2025, pulling J.P. Morgan’s country‑risk measure to roughly 570–572 basis points.
- Thin year‑end liquidity and upcoming Fed minutes frame trading as investors watch the rollout of the 2026 exchange‑rate scheme and sizable Argentine maturities early in the year.