Blue Dollar Updates 
Economic activity in Argentina is starting to indicate that a recession is imminent, with a probability of 98.6 percent. A report reveals a significant increase of 41 percentage points relative to July, during which the recession expectation stood at 56.1 percent. The UTDT centre report indicates that in August, its advanced indicator of economic activity … Read more
US Treasury Secretary Scott Bessent pledged to provide “all options for stabilisation” to President Javier Milei as he endeavors to prevent Argentina from reverting to crisis, which has led to a rally in the nation’s assets. Bessent and US President Donald Trump are scheduled to engage in discussions with Milei in New York on Tuesday. … Read more
On Monday morning, Presidential Spokesman Manuel Adorni announced that Argentina will eliminate export duties on all grains, reducing them to zero until October 31. The initiative seeks to generate a flow of dollars at a time when financial authorities are depleting international reserves to stabilize the peso. A government source and exporters have verified that … Read more
Argentine leader Javier Milei has announced intentions to meet President Donald Trump in New York on Tuesday, following indications that his country is engaged in negotiations aimed at curbing a market sell-off and preventing a debt crisis. The presidential office in Buenos Aires stated that the meeting with the US president will reflect “the solid … Read more
Argentine President Javier Milei attributed “political panic” to the market turmoil observed on Friday, as the nation approached significant midterm elections, resulting in a sharp decline of the peso and negatively impacting the country’s sovereign risk. This week, the Central Bank took action to support the peso, which ended the week at 1,515 pesos to … Read more
Alejandro Bulgheroni, president of Bulgheroni-owned Pan American Energy, convened a recent conference. Senior executives from YPF, Axion Energy, Pampa Energía, Vista Oil & Gas, Harbour Energy, Tecpetrol, Pecom, and the Argentine aristocracy from the Vaca Muerta shale resource in Patagonia attended. Today, such an event assumes proportions reminiscent of the gatherings of the ABA banking … Read more
On Friday, Argentina’s Central Bank sold US$678 million, marking three consecutive days of selling since the exchange rate exceeded the upper limit of the banded float system on Wednesday. The total amount spent to support the peso has reached US$1.1 billion, with daily expenditures increasing. The monetary authority aims to maintain the exchange rate under … Read more
The decline in local assets, ongoing capital controls, and an economy still avoided by foreign investors are dampening expectations for a surge in Argentina’s capital markets. This situation is affecting small brokerage firms that had anticipated a recovery after President Javier Milei took office two years ago. On September 11, CNV made it clear that … Read more
The unemployment rate in Argentina fell during the second quarter, despite the fact that the country’s overall economic activity witnessed a modest reduction during that same period. As a result of this new development, job searchers and President Javier Milei, who is presently dealing with a number of difficulties, will experience a brief moment of … Read more
Turbulence in the Argentine markets persisted on Thursday, with the Central Bank intervening by selling US$379 million to stabilize the wholesale exchange rate at AR$1,474.5. Bonds and shares experienced declines exceeding 10%, whereas the parallel rates surged significantly. On Wednesday, the monetary authority was compelled to expend US$53 million to support the peso following the … Read more