Argentine Peso Holds as Bond Issuance Plan Doubles to $11B

The Argentine peso is drawing support from a record trade surplus and central bank dollar buying, while doubled bond issuance plans test financing. Lucio Arrocha, Argentina Strategist at StoneX, explains why Argentina's bond issuance plan has doubled and how far reserves can stretch. Argentina's trade surplus is its strongest in real terms since 2009, driven more by export prices than volumes, with oil and gas now 43% of the trade balance. With Bonar issuance short of target and yields higher, the government is in talks with the World Bank, as reserves of around $12 billion leave little room to both pay debt in cash and defend the peso. Download the StoneX 2026 Commodities Outlook: https://www.stonex.com/en/insights/commodities-outlook/?utm_source=youtube&utm_medium=qr_code&utm_campaign=mi_outlook_q4_26 Discover Actionable Insights with StoneX Market Intelligence: https://shop.stonex.com/?utm_source=youtube&utm_medium=qr_code&utm_campaign=mi_outlook_q4_26_sxtv_lucio_arrocha 00:00 - Argentine Peso's Fragile Calm 00:30 - The Peso Defense Bought Time 04:09 - Trade Surplus Rides on Prices 05:24 - Oil and Gas Claims 43% Share 06:36 - Farmers Sell on Their Clock 09:10 - Argentina's Bond Bill Doubles 11:53 - Peso Defense or Debt in Cash 17:46 - Export Duties Hold 2027 Key Like and subscribe for more financial market insights. #StoneX #LucioArrocha #ArgentinePeso #Argentina --------- Like this video? Subscribe and turn on notifications so you don't miss any videos from StoneX: https://www.youtube.com/@stonex_official Visit https://www.stonex.com/en/insights/thought-leadership/?utm_source=youtube&utm_medium=social for insights, perspectives and thought leadership from StoneX's global network of experts. Visit our website: https://www.stonex.com?utm_source=youtube&utm_medium=social