Overview
- Argentina’s wholesale dollar closed at ARS 1,415 and Banco Nación set ARS 1,445 for Monday, with the blue near ARS 1,395–1,415 and financial quotes softer (MEP ~ARS 1,450; CCL ~ARS 1,471–1,474; crypto ~ARS 1,464; tarjeta ~ARS 1,878).
- Argentina’s gross reserves fell by US$753 million to US$40.26 billion after a roughly US$800 million IMF interest payment, even as increased supply in the Mercado Libre de Cambios helped contain prices.
- Local markets in Argentina paused their post‑election rally as the S&P Merval fell and some sovereign bonds rose; country risk held near 647 basis points, well below pre‑election highs.
- Mexico’s central bank cut its policy rate 25 bps to 7.25% with more cautious guidance, and the peso strengthened to around 18.45 per dollar following an October inflation read of 3.57% year over year.
- Peru’s central bank bought US$27 million in the spot market, its first such purchase since April 2020, as the sol appreciated toward S/3.37 alongside broader emerging‑market gains.