Feb 26 β€’ 17:13 UTC πŸ‡¦πŸ‡· Argentina La Nacion (ES)

Markets: the dollar rebounds by $10 and the country risk exceeds 550 basis points

The official and financial dollar rates rebound by $10 after weeks of decline, driven by lower interest rates and end-of-month position closures.

After several weeks of decreases, both the official and financial dollar rates have rebounded for the second consecutive session. This shift in trend comes after the exchange rates reached nominal values not seen since October of the previous year, alongside falling interest rates and the customary end-of-month position closures. As a result of this market movement, the retail official dollar has increased by $10, with sales prices listed at $1425 at Banco NaciΓ³n, reflecting a 0.7% rise. However, prices can vary from one bank to another, leading to an average market price of $1431.58, as per the daily survey conducted by the Central Bank of Argentina (BCRA). Similarly, the wholesale segment is seeing a rise, with quotes reaching $1405.85. This upward movement is indicative of changing market dynamics and could have broader implications for the Argentine economy, particularly impacting inflation and investment flows as the country navigates its challenging financial landscape.

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