Blue Dollar Updates 
A weather-altering phenomenon known as La Niña has emerged in the Pacific Ocean, thereby increasing the probability of drought conditions in California and agricultural regions in Brazil and Argentina. Concurrently, this phenomenon has brought about colder temperatures in the Midwest of the United States, while simultaneously bringing about a more temperate winter in New York … Read more
On Wednesday, Argentine short-term interest rates surged as the government intensified its measures to protect the peso, exacerbating a liquidity crisis that is constraining an already vulnerable economy. The yield on local government Lecap notes due November 28 increased to 87 percent from 74 percent on Tuesday and from 51 percent at the end of … Read more
Having depleted billions of dollars in reserves, Argentina’s government is employing innovative strategies to safeguard the peso in anticipation of significant midterm elections later this month. The Central Bank expended US$1.1 billion in the spot market last month as the currency exceeded its trading band and is now approaching a limit set by Argentina’s primary … Read more
The managing director of the International Monetary Fund, Kristalina Georgieva, stated that the success of Argentina’s program is contingent upon popular support. “Argentina is implementing a significant adjustment program,” Georgieva stated on Wednesday at the 2025 Annual Meetings held at the Milken Institute in Washington, DC. “The success is going to be based on carrying … Read more
Investors in Argentina are raising their expectations that President Javier Milei will implement a devaluation of the peso following the midterm elections this month, as the government continues to exhaust its reserves to support the struggling currency. The Treasury took action for the seventh consecutive session on Wednesday. It had already sold an estimated US$1.5 … Read more
The World Bank has revised its 2025 growth forecast for Argentina downward by nearly a percentage point to 4.6 percent, a figure that still exceeds projections from domestic analysts. In a report released on October 7 in Washington, the global institution indicated that the domestic economy is poised to be one of the top performers … Read more
The government of Argentina engaged in the sale of dollars on the foreign exchange market on Monday for the fifth consecutive session. This action was taken in an effort to alleviate the depreciation of the peso. It is likely that the Central Bank acts as the financial middleman for the Treasury in the domestic currency … Read more
Brazilian President Luiz Inácio Lula da Silva called on US President Donald Trump to remove punitive trade tariffs during their inaugural official discussions on Monday, following a period of tension between the two leaders. Both indicated the possibility of an in-person meeting in the near future. The two leaders engaged in a 30-minute discussion characterized … Read more
To understand the currency crisis destabilizing the Argentine economy and threatening the administration of President Javier Milei, one need only cross the Andes mountains to reach the Chilean capital of Santiago. Outside a Courtyard by Marriott hotel, Carolyn Pérez recently observed scenes that reflect broader economic trends. Pérez recounts the experience of two Argentine couples … Read more
The leader of the International Monetary Fund provided a renewed endorsement for Argentina on Friday, aligning with the Trump administration’s initiatives to bolster President Javier Milei ahead of the country’s midterm elections scheduled for later this month. IMF Managing Director Kristalina Georgieva indicated that she had discussions with US Treasury Secretary Scott Bessent regarding “extensive … Read more