Argentina FX gap widens as country risk climbs to 765bp; dollar demand rises

Argentina's contado con liquidación (CCL) exchange rate rose 2.1% to 1,682.65 pesos per dollar on Monday, while country risk climbed to 765 basis points. Analysts attribute the move to rising demand for dollar hedging amid political and economic uncertainty, with the widening gap between official and parallel rates potentially attracting capital inflows. The development signals deteriorating market confidence in Argentine assets.

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