Introduction
Last week, the official dollar deepened its downward trend, with the wholesale rate quoted at $1,430. The Bank of the Nation’s bill, meanwhile, fell to $1,455. This occurred as the Central Bank accelerates its foreign currency purchases, having already acquired $687 million this year, a move celebrated by the spokesperson for the International Monetary Fund (IMF), Julie Kozack.
Market Focus
The city continues to bet on carry trade, while dollar bonds closed higher after three negative rounds. The market’s focus this week will remain on Davos, and there will be no Wall Street on Monday due to Martin Luther King Jr. Day.
Warning from SMEs on EU-Mercosur Agreement
The president of Argentine Industrial SMEs (IPA), Daniel Rosato, warned that the commercial agreement between Mercosur and the European Union represents a threat to national production if small and medium-sized enterprises are not previously strengthened. The leader pointed out that, without a competitiveness plan, the opening of markets will enhance the current crisis and result in the disappearance of two out of every ten manufacturing establishments. Rosato demanded the “immediate formation” of a working table to design strategies that allow the sector to take advantage of the treaty.
New York Stock Exchange Moves Towards 24/7 Trading
The New York Stock Exchange (NYSE) announced the development of a platform for the negotiation and on-chain settlement of tokenized securities, a key step in the integration between traditional financial markets and blockchain-based infrastructure. The project, which still needs regulatory approval, will allow the trading of tokenized shares 24 hours a day, seven days a week, with instant settlement and funding through stablecoins.
European Automotive Sector Plummets Amid US Threats
Trade tensions between the United States and the European Union shook European markets again on Monday, with a marked sectoral reorganization: while defense sector shares advanced strongly, automakers led the falls, fearing a new tariff escalation driven by US President Donald Trump.
Bitcoin Falls Amid US Measures on Greenland
The cryptocurrency market is trading lower, with Bitcoin (BTC) leading a 2.2% drop to $92,985.17, according to Binance. Its price is conditioned both by the postponed cryptocurrency law in the United States and by the tariff measures of US President Donald Trump on Greenland.
Conclusion
In conclusion, the official dollar deepened its downward trend last week, with the Central Bank accelerating its foreign currency purchases. The market’s focus this week will remain on Davos, and there will be no Wall Street on Monday due to Martin Luther King Jr. Day. The president of Argentine Industrial SMEs warned that the commercial agreement between Mercosur and the European Union represents a threat to national production if small and medium-sized enterprises are not previously strengthened. The New York Stock Exchange announced the development of a platform for the negotiation and on-chain settlement of tokenized securities. Trade tensions between the United States and the European Union shook European markets again on Monday, with a marked sectoral reorganization. The cryptocurrency market is trading lower, with Bitcoin leading a 2.2% drop to $92,985.17, according to Binance.
