Blue Dollar Updates 
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
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