Overview
- Banco Nación quoted the U.S. dollar at ARS 1,450 for buying and ARS 1,500 for selling, while the blue traded around ARS 1,425/1,445 in Buenos Aires.
- The wholesale rate climbed to about ARS 1,482, leaving it roughly 1% below the current band ceiling near ARS 1,497.50.
- Financial-dollar gauges ran above the official rate, with MEP at ARS 1,500.47 and CCL at ARS 1,521.99.
- The BCRA reported no intervention on Monday in line with post-cepo guidelines, with reserves and an interest payment to the IMF flagged as watch points.
- Equities extended gains as the S&P Merval rose about 3.4% and Argentine ADRs advanced up to 7.1%, with country risk near 669 points after cabinet changes including Alejandro Lew at Finance.