• TRM (USD/COP)COP 3,235.59 +1.65% +COP 52.60Colombia's official exchange rate (Financial Superintendence), valid Nov 4 to Nov 4
  • EuroCOP 3,617.08 +1.72% +COP 61.02Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
  • Mexican pesoCOP 173.98 +3.35% +COP 5.64Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote

Argentina's country risk tops 700 points and the official dollar hits a nominal record of 1,550 pesos

FinanceInternationalTN40 s readAI summary
Image: TN

The country risk index compiled by JP Morgan rose 35 units to 709 points, a one-year high, while the official dollar sold at 1,550 pesos at Banco Nación, a nominal record, and the blue dollar at 1,570. Argentine bonds fell as much as 1.5% and Argentine stocks in Wall Street dropped as much as 6%, with Ternium (-5.9%), Tenaris (-4.3%) and Banco Macro (-3.4%) among the hardest hit. The rise deepened after August economic activity data showed stagnation.

In 40 seconds

  • JP Morgan's country risk index rose 35 units to 709 points, a one-year high
  • The official dollar sold at 1,550 pesos at Banco Nación and the blue dollar at 1,570
  • Argentine bonds fell as much as 1.5% and Argentine stocks in Wall Street dropped as much as 6%
Read the full story at TN

IASummary generated by artificial intelligence from a story by TN. It may contain errors: the original source prevails.

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