Introduction
In the midst of international market turmoil, the dollar began the week extending its slight rebound. The official wholesale dollar rose to $1,437.50, while the Bank of the Nation’s bill advanced to $1,460 for sale. In the fixed income curve, dollar bonds climbed for the fourth consecutive round, while ADRs jumped up to 5.9% with the help of IRSA. The Buenos Aires stock exchange, on the other hand, climbed 1.2%.
Focus on Country Risk
Attention will be focused this Tuesday on the country risk, which is about to break a key level, at the same time as the dynamics of the US continue to impact the main assets.
President Javier Milei’s Opinion on Techint’s Lost Bid
President Javier Milei spoke for the first time about the tender related to the Vaca Muerta gas export project that the Techint company, led by Paolo Rocca, lost to the Indian company Welspun. The award caused repercussions after it became known that the winning bid presented lower prices and better financing conditions.
Country Risk Close to Breaking 500 Points
Country risk returned to the financial scene and generated expectation in the city, as it could break the threshold of 500 basis points, driven by the rise in sovereign bonds, the compression of rates and a regional scenario that revived comparisons with other South American countries.
Argentine Tourism in 2025
Tourism consolidated again in 2025 as one of the main factors of pressure on the external front, with a strong acceleration in the number of Argentines traveling abroad and a drop in the entry of foreign tourists. The tourism balance deepened its red: it showed a negative balance of 3.9 million people in December, according to data from the National Institute of Statistics and Censuses (INDEC).
Country Risk, Close to Breaking 500 Points
Country risk is in the spotlight and expectation grows in the city as this Tuesday could break 500 basis points. In the previous day, Ecuador, a country that had a similar development of the index measured by J.P Morgan, went out to place international debt which could be a prelude to Argentina’s return to the capital market.
BCRA Strengthens Reserves and the Dollar Continues Without Surprises in an Atypical January
The Central Bank (BCRA) accumulated more than $1,000 million in foreign currency purchases so far in January, in an unusual scenario for the first month of the year. Thanks to these interventions, gross international reserves climbed to $45,740 million, the highest level since September 2021, strengthening the position of the monetary authority and providing greater predictability to the exchange rate scheme.
Conclusion
In conclusion, the dollar began the week extending its slight rebound amidst international market turmoil. Attention is focused on the country risk, which is about to break a key level. The Central Bank (BCRA) accumulated more than $1,000 million in foreign currency purchases so far in January, strengthening the position of the monetary authority and providing greater predictability to the exchange rate scheme.
