Merval Snaps February Losing Streak as Reform Vote and Dollar Collapse Fuel Rally

2026-02-23 - 09:43

The Big Three 1 Merval rises +1.2% to 2,873,248, ending a bruising February losing streak. IRSA surged 8.7% and BYMA jumped 8.2% as the labor reform approval in the lower house re-energized investor confidence. In dollar terms (CCL-adjusted), the index gained 1.7% to ~US$1,996, though it still sits 10% below its January highs. 2