Overview

• Argentine ADRs rose as much as 5% to 7% after Monday’s plunge of up to 24%, while dollar bonds gained over 1% and country risk held above 1,100 basis points.
• The Banco Nación rate reached $1,435, the wholesale dollar traded around $1,417–$1,422, the blue hovered near $1,385–$1,395, and MEP/CCL moved around $1,433–$1,443.
• Focus has shifted to the band ceiling near $1,470, with analysts highlighting ongoing official interventions and noting liquid reserves versus negative net reserves.
• The Treasury set a debt auction for Wednesday as it faces about $7.2 trillion in near-term private maturities, keeping rollover risk in view.
• Crypto platforms reported a surge in demand for dollar-linked stablecoins, with prices around $1,440–$1,460 and Lemon Cash citing a 75% jump and a one-year high in operations.