Argentina country risk hits 5-month high; peso weakens to record

Argentina's country risk index rose to 611 points, marking ten consecutive daily increases, while the wholesale exchange rate closed at a nominal record of 1,525.50 pesos per dollar. The sustained rise in country risk and currency depreciation signals deteriorating market confidence in Argentine assets, likely driven by fiscal or political concerns. The trend suggests increasing pressure on the peso and a potential acceleration of inflation.