Argentina’s Peso Holds Its Nerve as Reserves Rise and a Big Bond Payment Nears

Key Points The peso’s single-digit parallel premium signals lower near-term devaluation stress. The central bank is buying dollars again, reinforcing a rule-based FX band framework. Stocks are near highs, but leadership is rotating. The peso started Wednesday with a narrow spread across dollar markets. The wholesale rate was near 1,467 pesos, the street “blue” around […]