Overview
- Argentine stocks jumped after the White House announced a broad trade and investment framework with Argentina, with the S&P Merval up roughly 3.8%–4.4% as exporters led gains and sovereign bonds advanced up to about 1.4% while country risk hovered near 612–616 basis points.
- The official dollar finished at ARS 1,425 for sale at Banco Nación, the wholesale rate stayed near ARS 1,403–1,407, and financial rates held within the band (MEP around ARS 1,452–1,454; CCL near ARS 1,485–1,487; blue at ARS 1,410/1,430), all below the band ceiling near ARS 1,503.
- Local dollar supply improved as corporate bond placements surpassed US$3.15 billion in 14 days and cash trading reached about US$597 million, easing immediate pressure on the BCRA with gross reserves reported around US$40.636 billion.
- The announced framework was described by the United States as a strategic alliance covering tariffs, non‑tariff barriers, standards, agriculture, intellectual property, digital trade, and cooperation on minerals and security screening.
- Regional FX moved on global monetary uncertainty, with Peru’s sol closing near S/3.365 after BCRP purchases to smooth appreciation and Mexico’s peso ending around 18.31 per dollar in a narrow 18.30–18.40 range as markets weighed the Fed’s next steps following a prolonged US government shutdown.