Overview
- Argentina’s Banco Nación dollar stands at ARS 1,450/1,500, with the wholesale rate near ARS 1,482, roughly 1% below the band’s upper limit around ARS 1,498.
- The informal blue dollar trades near ARS 1,425/1,445 as financial rates cluster close to the official band, highlighting ongoing FX fragmentation.
- The central bank said it did not intervene in FX trading on Monday, and markets are watching a Wednesday government auction and the reserves path, reported near US$40 billion.
- Argentine equities extended post‑election gains, with the S&P Merval up about 3% on Monday as investors digested new economic cabinet appointments including Alejandro Lew.
- In Mexico the peso appreciated roughly 0.3% to around 18.49 per dollar, with analysts warning depreciation risks persist and a Reuters poll pointing to a possible 25 bp Banxico cut on Thursday, alongside pressure from T‑MEC consultations and President Donald Trump’s trade stance.