Overview
- Official wholesale dollar rose to roughly 1,447–1,450 pesos, retail hovered near 1,470, and the blue rate climbed to about 1,460 after the long weekend.
- Sovereign risk reverted to around 651 basis points after last week’s surge that followed Economy Minister Luis Caputo’s denial of a touted USD 20 billion private-bank facility.
- The central bank’s benchmark rate stands at 20% after last week’s cut, easing peso liquidity and adding short-term pressure on exchange rates within the bands regime (upper band near 1,508).
- Reports point to smaller external options under discussion, including a potential USD 5 billion repo to cover early‑2026 foreign‑currency maturities, while authorities signaled modest reserve purchases of roughly USD 350 million in recent days.
- Local equities and many Argentine ADRs fell as traders awaited auction results and clearer details on any U.S.-coordinated bank assistance, even as global risk appetite improved on expectations of Fed rate cuts.