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Argentina’s Dollar Rates Ease as Country Risk Falls to Nine-Month Low

Investor risk receded after a debt auction renewed 111% of maturities under Finance Secretary Alejandro Lew.

Overview

  • Banco Nación quoted the official dollar at ARS 1,425 for buying and ARS 1,475 for selling, down ARS 10 from the prior close.
  • The blue dollar traded at ARS 1,420/1,440 nationwide, with regional prints such as Córdoba at ARS 1,455 for selling.
  • Financial rates softened, with MEP at ARS 1,477.40/1,481 and CCL at ARS 1,497.10/1,498.80.
  • JPMorgan’s country risk index slipped to 621 basis points as dollar bonds advanced for a second session.
  • The Treasury reported a rollover of 111.17%, raising ARS 8.50 trillion and extending terms with lower interest costs.