(MENAFN- The Rio Times) Argentina woke up to a steadier market, but the calm is engineered. By early morning, the official dollar rate hovered near 1,455 pesos per U.S. dollar, while the“blue” street rate traded around 1,475-an unusually narrow gap.

The financial dollar quotes used by investors (MEP and cash-with-settlement, or CCL) sat a few percentage points higher, near 1,530–1,545.

The S&P Merval equity index closed Wednesday up about 1.4% at 1.82 million, helped by a late rally. Globally, the Dollar Index eased to the high-98s, giving emerging currencies some breathing room.

The story behind the story is straightforward: the Treasury has been selling dollars to cap the wholesale rate, and local peso liquidity has tightened as a result.

That keeps the official rate anchored and temporarily compresses the blue-official gap, but the stress doesn't disappear-it shows up in the financial dollars, where businesses actually move money. The configuration signals pressure is being managed, not resolved.



Investors are watching a second lever: talks in Washington aimed at securing fresh external support. Hints of progress were enough to lift risk late Wednesday.

Utilities and industrials led the bounce-Edenor, Aluar, Central Puerto , Loma Negra and BBVA were among notable gainers-while recent underperformers in New York–listed Argentine names remain headline-sensitive and volatile.


Argentina Markets Steady on Intervention and Funding Hopes
Technically, USD/ARS on the daily chart is riding the upper Bollinger band with momentum still pointed up, though intervention is containing the move.

On the four-hour chart, bands have tightened, a setup that often precedes either a breakout on news or a short consolidation.

For equities, the Merval 's four-hour picture has improved, but the daily trend won't look“repaired” until the index decisively reclaims the 50–100 day moving-average zone.

Bottom line: today's stability rests on two pillars-ongoing dollar sales at home and the prospect of new funding from abroad. If Washington delivers, financial dollars could cool and equities extend gains.

If not, the narrow blue-official gap will look like a holding pattern, and pressure is likely to reappear first in MEP/CCL and then across stocks.

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