Argentina’s Markets Exhibit Stability on Christmas Eve Amid Milei Reforms

Key Points The official USD/ARS rate holds steady near 1,450-1,452 pesos per dollar, with parallel rates closely aligned, reflecting successful currency liberalization. The S&P MERVAL index trades near record highs above 3.14 million points, underscoring sustained investor confidence in fiscal discipline. Converging official and parallel exchange rates highlight economic stabilization, a stark improvement from distortions […]