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Argentine Peso Strengthens to Two-Month Best as Central Bank Marks 10th Straight Dollar-Buying Session

Markets remain cautious as the risk premium stays near 565 despite reserve gains.

Overview

  • The official rate closed at 1,455 pesos at Banco Nación and about 1,430 in wholesale trading, roughly 8% below the inflation‑indexed band ceiling of 1,546.
  • The Central Bank bought US$125 million on Friday and has accumulated about US$687 million since January 5, extending a multi‑day streak of purchases.
  • Parallel and financial dollars moved in a narrow range, with the blue near 1,500 pesos, the MEP around 1,471 and the CCL near 1,518, while futures prices eased.
  • JP Morgan’s country risk index hovered around 564–565 basis points with little change despite the reserve accumulation.
  • Economy Minister Luis Caputo reported a 2025 primary surplus of 1.4% of GDP and a 0.2% financial surplus, as the IMF welcomed the reserve‑rebuilding plan and authorities outlined a 2026 goal of adding US$10–17 billion.