# Argentina added reserves, but the cost of financing its debt rose | ANALISTAMACRO.COM

> Argentina's international reserves rose from US$48.288 billion to US$50.164 billion during October, while country risk climbed from 636 to 787 basis points over the same month. The wholesale dollar reached 1,544.65 pesos on November 2, its highest nominal level in a year.

- Date: 2026-11-02 · published 2026-11-03T00:11:26.303Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/76443-argentina-added-reserves-but-the-cost-of-financing-its-debt-rose-analistamacro
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

The gap between higher reserves and rising borrowing costs signals investor doubt about Argentina's financing capacity, a macro factor that can pressure the peso and shape Argentine export incentives for soy and meal.

## Read by commodity

- USDARS: bearish ▼

## Sources

- analistamacro.com: https://analistamacro.com/2026/11/02/editorial/argentina-sumo-reservas-y-el-mercado-le-exige-mas-para-prestarle/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.