Argentina Markets Hold A Narrow Spread As Dollar Weakness Returns Globally
Key Points
- ICE USD/ARS held near 1,434, while Banco Nación’s sell rate stayed at 1,455.
- Blue sold near 1,485, keeping the premium near 2% and signaling tight, policy-driven pricing.
- The Merval’s last close was 3,093,534, up 0.88%, with BBVA and Transener leading gains.
The peso opened the week in a controlled lane. On ICE, USD/ARS sat near 1,434 around 07:47 UTC. Banco Nación showed 1,455 for selling, while the blue market was 1,485. That puts the street premium near 2.1%, unusually low for Argentina.
Financial dollars stayed close to the bank rate. MEP traded near 1,469 and CCL near 1,506, with crypto dollars around 1,489. The “card dollar” for foreign spending stood near 1,892.
The clustering matters because it limits panic pricing and reduces the need for informal hedges. Overnight, the global dollar softened again.
The yen jumped as traders priced possible Japan intervention, and the dollar index hovered near 97. That kept the broader tone cautious ahead of a busy Fed week. For Argentina, it meant less external pressure during thin Monday morning flows.
The charts fit that story of stabilization. On the 4-hour USD/ARS chart, the selloff has stopped accelerating. RSI recovered to about 49, up from last week’s depressed readings.
MACD remains below zero, but the histogram has flipped positive, which often appears near a base. On the daily chart, RSI sits in the low 40s, so the rebound still looks tentative.
Stocks look stronger than FX. The S&P Merval’s last close was about 3,093,534, up 0.88% on the day and about 5.47% on the week.
The session range ran from roughly 3.06 to 3.12 million. Dollar bonds were also firmer, with average gains around 1.4%, and country risk eased toward 526.
Top winners were Banco BBVA Argentina (+4.87%), Transener (+3.28%), YPF (+2.46%), Grupo Supervielle (+2.35%), and Aluar (+1.89%).
Top losers were Edenor (-4.07%), Ternium Argentina (-2.66%), Comercial del Plata (-1.37%), Cresud (-0.73%), and Central Puerto (-0.64%).
The policy takeaway is simple. Markets reward predictable rules and punish improvisation quickly. That is why disciplined, market-friendly management earns trust, while old populist habits still cast a long shadow.
Related coverage: Brazil’s Morning Call | Ecuador Bets On A U.S. Security Push As It Trades Blows With This is part of The Rio Times’ daily coverage of Argentina affairs and Latin American financial news.
Live Market IntelligenceArgentina — Live Market Board
Rio Times · Live Market Intelligence
Argentina — Live Market Board
+0.46%
173,714.08
-0.06%
66,634.23
+0.42%
10,886.14
-0.56%
3,199,934
+0.46%
2,298.34
+0.58%
57,220.16
—
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| MERVAL | 3,199,934 | +0.46% | +54.88% | 3,185,257 | 3,206,991 | 3,145,475 | — |
| USD/ARS | 1,478 | +0.17% | +17.16% | 1,476 | 1,481 | 1,475 | — |
| YPF | 77,900 | +2.40% | +96.22% | 76,075 | 78,400 | 76,450 | 197,697 |
| GGAL | 7,860 | -0.06% | +28.43% | 7,865 | 7,875 | 7,630 | 2,054,553 |
| PAMPA | 5,170 | +1.17% | +42.23% | 5,110 | 5,220 | 5,050 | 687,552 |
| TXAR | 664.00 | +0.30% | +3.27% | 662.00 | 668.00 | 650.50 | 807,552 |
| ALUAR | 949.50 | +1.01% | +35.84% | 940.00 | 959.00 | 930.00 | 295,607 |
| TGS | 9,370 | -0.16% | +40.06% | 9,385 | 9,490 | 9,205 | 87,704 |
| CEPU | 2,264 | +0.18% | +54.54% | 2,260 | 2,280 | 2,221 | 391,911 |
| MIRGOR | 16,875 | +0.75% | -23.81% | 16,750 | 16,950 | 15,775 | 2,929 |
| COME | 43.84 | -1.39% | -15.54% | 44.46 | 44.60 | 43.50 | 6,524,077 |
| LOMA NEGRA | 3,535 | -0.63% | +30.46% | 3,558 | 3,565 | 3,480 | 165,335 |
| BYMA | 299.00 | -0.83% | +54.08% | 301.50 | 304.50 | 296.25 | 1,261,234 |
| TELECOM ARG | 4,150 | -0.72% | +78.88% | 4,180 | 4,238 | 4,088 | 128,024 |
| GLOBANT | 32.23 | +0.09% | -61.79% | 32.20 | 32.85 | 31.72 | 1,161,114 |
| MERCADOLIBRE | 1,814 | -2.34% | -24.85% | 1,857 | 1,833 | 1,789 | 313,473 |
In depth
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