Particle.news
Download on the App Store

Argentina’s Dollar Rates Diverge as Mexico’s Peso Softens Before Fed Decision

Market odds of a near-term Fed cut are steering short-term moves across both currencies.

Overview

  • Argentina’s official retail dollar was quoted at ARS 1,460 for sale at Banco Nación, with the wholesale reference near ARS 1,435.
  • The parallel blue dollar traded around ARS 1,415/1,435 in Buenos Aires and about ARS 1,450 in Córdoba, while financial rates showed MEP near ARS 1,476–1,480 and CCL around ARS 1,504–1,511.
  • Mexico’s peso eased to roughly MXN 18.2559 per dollar on Monday, trimming earlier strength after hitting its best level of the year.
  • FedWatch indicated about a 90% probability of a 25 bp U.S. rate cut this week, and traders view the Fed’s communication as key for the dollar’s trajectory.
  • Argentina’s INDEC will release November inflation on Thursday, with private projections above 2% monthly, as Mexican data on prices guides expectations for Banxico’s path.