Argentina’s Year-End Stock Dip Signals A Bigger Test: Dollar Funding, Not Headlines

Key Points Argentina’s main stock index ended 2025 lower in pesos and weaker in dollar terms, highlighting the real constraint: hard currency. With the local exchange shut through New Year’s Day, U.S.-traded ADRs and global rates are the only live “price discovery” until January 2. The next real catalyst is operational: how the government sources […]