Argentina Macro Daily(Beta Mode)
MERVAL Climbs as Peso Holds Steady on Thin Volume
Market Snapshot
| Asset | Level | Change |
|---|---|---|
| MERVAL | 3,009,029.00 | +0.46% |
| USD/ARS | 1,511.50 | +0.14% |
| EUR/ARS | 1,763.35 | +0.12% |
| Gold | 4,682.40 | +0.96% |
| Brent Crude | 84.84 | -4.22% |
| Soybean | 1,240.25 | +1.00% |
| Bitcoin | 78,863.79 | +0.38% |
| Argentina 10Y | - | - |
Prior Economic Events
| Data | Prior | Cons | Actual |
|---|---|---|---|
| No events available | |||
US 10Y Treasury Yield | Type: macro_line | Percent: 4.7 (2026-08-24) | Range: 1.28–4.98 | Trend(6pt): 1.31,3.69,4.28,4.51,4.74,4.7
Today's Economic Events
| Data | Prior | Cons | Time |
|---|---|---|---|
| No events available | |||
- MERVAL rises 0.46% to 3,009,029 amid light trading
- USD/ARS advances 0.14% to 1,511.50 with limited BCRA sales
- Soybean futures gain 1% to 1,240.25, bolstering export receipts
Yesterday's Recap
Argentine equity and currency markets posted modest gains on August 25 with no domestic data releases. The MERVAL index advanced 0.46 percent to close at 3,009,029.00 as investors added positions in energy and financial names. The official USD/ARS rate increased 0.14 percent to 1,511.50 while the EUR/ARS pair rose 0.12 percent to 1,763.35.
Gold climbed 0.96 percent to 4,682.40 on safe-haven flows, whereas Brent crude fell 4.22 percent to 84.84 after weak global demand signals. Soybean prices rose 1.00 percent to 1,240.25, supporting expectations for stronger agricultural export revenues. Bitcoin added 0.38 percent to 78,863.79.
The Argentina 10-year bond showed no price change in thin secondary-market activity.
The Day Ahead
Domestic calendars list no economic releases or policy announcements for August 26. Market participants will monitor the BCRA’s weekly reserve update for any shift in foreign-exchange intervention pace. Global attention centers on the Bank of Canada interest-rate decision and accompanying monetary-policy report due at 09:45 ET.
Traders will also track Australian inflation data and South African Reserve Bank commentary for clues on emerging-market risk sentiment. Soybean and energy price movements remain key inputs for near-term peso and fiscal revenue forecasts. Provincial bond spreads are expected to stay in focus after recent successful placements.
Other Economic Notes
Export-tax rebate elimination on industrial goods effective October 1 is projected to deliver annual fiscal savings near ARS 180 billion. IMF staff completed the Article IV consultation and noted progress on primary-balance targets while urging faster reserve accumulation. Provincial financing conditions improved as Córdoba placed a USD 150 million note at 8.75 percent, tightening spreads by 25 basis points.
Trade-balance data continue to show monthly surpluses driven by soybean shipments, reducing immediate pressure on the crawling peg. These developments reinforce the government’s commitment to fiscal consolidation under the current IMF program.
Global Macro News
The Bank of Canada is scheduled to announce its policy rate and release the Monetary Policy Report at 09:45 ET, with markets pricing a hold. <i>↓ p.2</i>
