Argentina Macro Daily(Beta Mode)
Merval Edges Up, Peso Strengthens
Market Snapshot
| Asset | Level | Change |
|---|---|---|
| MERVAL | 2,808,077.50 | +0.10% |
| USD/ARS | 1,371.00 | -1.88% |
| YPF | 43.18 | +1.46% |
| MercadoLibre | 1,639.47 | +1.70% |
| Globant | 43.62 | +1.25% |
| Soybeans | 1,174.50 | +0.23% |
| Gold | 4,449.40 | -2.21% |
| Bitcoin | 69,384.33 | -2.70% |
Prior Economic Events
| Data | Prior | Cons | Actual |
|---|---|---|---|
| No events available | |||
WTI Crude Oil Prices | Type: macro_line | USD per Barrel: 89.33 (2026-03-23) | Range: 55.44–123.6 | Trend(5pt): 61.49,105.8,91.16,70.8,89.33
Today's Economic Events
| Data | Prior | Cons | Time |
|---|---|---|---|
| No events available | |||
- Merval index gained 0.10% to 2,808,077.50 in quiet trading, while USD/ARS fell 1.88% to 1,371.00 amid controlled crawling peg.
- ADRs advanced with YPF up 1.46% to 43.18 on energy sector stability and MercadoLibre up 1.70% to 1,639.47 reflecting e-commerce strength.
- Commodities mixed: soybeans rose 0.23% to 1,174.50 boosting agro exports, gold dropped 2.21% to 4,449.40, Bitcoin fell 2.70% to 69,384.33 on risk aversion.
Yesterday's Recap
Argentine markets displayed limited volatility with no significant data releases, as the Merval index inched up 0.10% to 2,808,077.50, supported by positive moves in ADRs such as YPF at 43.18 (+1.46%) amid ongoing Vaca Muerta production trends and MercadoLibre at 1,639.47 (+1.70%) on resilient e-commerce demand. Globant ADR climbed 1.25% to 43.62, aided by steady tech sector sentiment despite broader global fluctuations. The USD/ARS official rate decreased 1.88% to 1,371.00, indicating effective BCRA oversight of the crawling peg and easing parallel market tensions.
Soybean prices increased 0.23% to 1,174.50, enhancing prospects for agricultural exports. Gold declined 2.21% to 4,449.40, reducing safe-haven appeal, while Bitcoin decreased 2.70% to 69,384.33, signaling caution in digital assets. The absence of economic events maintained emphasis on currency steadiness and equity stabilization.
The Day Ahead
No Argentine data releases or events are scheduled today, directing focus to IMF programme talks and possible reserve announcements. Markets could respond to any BCRA hints on FX management or controls. Sentiment may shift with global commodity movements, especially in agriculture and energy.
Trading is expected to remain subdued absent surprises from policymakers in Buenos Aires. Attention stays on Vaca Muerta developments for energy equities. Informal IMF updates might influence bond pricing.
Other Economic Notes
Initiatives in Argentina's Gran Chaco, including weaving, glamping, and kayak tours, are combating deforestation by empowering small farmers and conservation groups, potentially stabilizing rural economies and drawing sustainable investments. These efforts support broader environmental goals that could align with IMF-backed reforms for green growth. Fiscal measures continue to emphasize reserve building through exports, with deregulation aiding administrative efficiency.
