In the midst of increased volatility in both the international and domestic markets, Sam Hewson, Head of Foreign Exchange Sales at Citibank, returned to Argentina after an eight-year absence. The former was influenced by factors such as the AI boom, the U.S. elections, and the war in the Middle East, while the latter was more … Read more
Argentine financial markets experienced a significant downturn on Thursday, as dollar bonds topped the list of emerging-market losses, while overnight repo rates escalated sharply due to increasing concerns regarding the government’s fiscal situation. The sell-off, which has been building for days, gained fresh steam as analysts pointed to signs the government was purchasing peso bonds … Read more
While markets had anticipated a victory for the Democratic Party in the U.S. midterm elections – or, more accurately, a significant defeat for President Donald Trump – the magnitude of the setback surprised both proponents and adversaries alike. In the recent electoral contest, Democrats achieved a total of 228 seats in the House of Representatives, … Read more
Officials at the Central Bank of the Argentine Republic offered critical perspectives on economic activity, inflation, and the hurdles confronting monetary policy as the nation approaches the upcoming year. The remarks were delivered during the presentation of the Monetary Policy Report for the third quarter, which took place on Thursday and was attended by BCRA … Read more
The reelection of current Brazilian President Luiz Inácio “Lula” da Silva, who defeated Flávio Bolsonaro in the October 25 runoff, triggered a schism in Brazil’s financial market on Monday. The EWZ, a Wall Street exchange-traded fund that aggregates the most significant mid- and large-cap companies on the Brazilian stock exchange, experienced a decline of 24%. … Read more
Market analysts concur that the Argentine economy is projected to expand at a rate significantly lower than previously anticipated in 2026, with numerous assessments indicating that the economy may already be experiencing a recession. Those conclusions arise from the September Market Expectations Survey (in Spanish, REM), a monthly poll conducted by the Central Bank. The … Read more
Argentina’s enduring fixation on the U.S. dollar stems from a history marked by recurrent economic crises and persistent inflation. It is also one of the factors contributing to the swift adoption of cryptocurrency in the country. An analysis reveals that Argentina boasts a user base four times larger than the average Latin American nation: 12% … Read more
The JPMorgan EMBI+ index for Argentina, referred to as “country risk,” has been on an upward trajectory in recent weeks, driven by uncertainty related to the upcoming elections, recent economic indicators, and a decline in reserve acquisitions by the Central Bank. Renewed volatility in United States Treasury bonds over the last week – which sent … Read more
The government’s economic estimates for inflation, the dollar-peso exchange rate, and economic activity were the most anticipated in the 2027 budget. First, it should be noted that the economy ministry’s projections are more optimistic than those of market analysts. This disparity is most noticeable when it comes to economic growth, where there is a difference … Read more
The demand for dollars in Argentina has reverted to levels reminiscent of the market sell-off experienced last year, despite the unexpected stabilising effect of the conflict in Iran on President Javier Milei’s currency policies. In July, Argentines’ acquisitions of US banknotes surged by 35 percent month-on-month, reaching US$3.4 billion. This figure marks the highest monthly … Read more
