Dollar Calm, Risk Assets Rally As Argentina Enjoys Rare FX Breathing Space

Argentina wakes up on Friday to a strange sight: the cheapest dollar is in the back-alley “blue” market, not on bank screens. The blue opens around 1,420/1,440 pesos, just below Banco Nación’s 1,475 peso retail quote and the 1,450 wholesale rate, which slipped on Thursday after five straight gains. Financial dollars sit a little higher, […]