Blue Dollar Updates 
Argentina’s economy experienced a contraction in the second quarter relative to the first quarter of the year, as the critical midterm election for President Javier Milei approaches next month. Output contracted by 0.1 percent, contrasting with the median forecast of economists, which anticipated a 0.1 percent increase. In comparison to the second quarter of the … Read more
On Wednesday, Argentina’s Central Bank intervened in the foreign exchange market by selling US$53 million to support the peso. The exchange rate concluded at AR$1,474.5, reflecting an increase of over 5 pesos compared to Tuesday. The monetary authority has refrained from intervening in the exchange rate since April 11, when it transitioned from a crawling … Read more
Argentina’s dollar bonds are rebounding from a week-long decline following President Javier Milei’s more conciliatory approach during the unveiling of next year’s budget, igniting optimism for potential support ahead of the upcoming midterm elections next month. Sovereign notes experienced an upward movement across the curve, with the 2035 maturities appreciating by over a cent to … Read more
Buenos Aires province has resolved a legal dispute concerning defaulted debt with two hedge funds following a defeat in a New York court in 2024. The provincial authorities provided the hedge funds with US$106 million in bonds and cash, according to a government source speaking to the Herald. In October 2024, a New York court … Read more
Argentine regulators have taken steps to limit the demand for dollars in the financial market, marking the latest initiative by the government to avert a depreciation of the peso beyond its designated trading band. On Friday, the National Securities Commission of the country released a new interpretation of an existing regulation that prohibits brokers from … Read more
On Monday, resident Javier Milei addressed Argentines, asserting that “the worst is over” during a speech that introduced elements of his government’s 2026 Budget bill, simultaneously positioning himself for the upcoming midterm elections. Milei, unveiled intentions to increase expenditures on pensions, healthcare, education, and assistance for the disabled in the upcoming fiscal year as outlined … Read more
President Javier Milei’s administration has reduced by fifty percent the emergency assistance allocated to Bahía Blanca following the severe storms that occurred last March – merely days after securing the support of voters in the southern Buenos Aires Province city. In the elections held on September 7 for the provincial legislature, Milei’s La Libertad Avanza … Read more
Argentina is facing the prospect of an impending recession. Since April, the economy has exhibited a persistent lack of recovery, with declines in consumption and production now impacting the labor market. Suspensions are on the rise, and conflicts are escalating. Official data indicates that June recorded the highest number of layoffs in the past nine … Read more
David Cairns, the newly appointed Ambassador of Britain in Buenos Aires, has officially presented his credentials to Foreign Minister Gerardo Werthein, thereby commencing his diplomatic mission in Argentina. Cairns, accompanied by his wife Sharon, made his arrival in the capital last Saturday. He arrives in the 200th year of bicentennial relations between Argentina and the … Read more
The International Monetary Fund provided support to President Javier Milei, noting Argentina’s economic “progress” and encouraging the government to maintain its current direction. “We see the important progress in lowering inflation, leading to monthly price rises of less than two percent for the fourth month in a row,” stated IMF Spokesperson Julie Kozack. Just days … Read more