# "Fear of the Pendulum": What Will Happen to the Dollar and Country Risk, According to a Consultancy

> Economists at BlackToro and Arriazu Macroanalistas discussed Argentina's outlook for the dollar, country risk and macro conditions ahead of the elections. BlackToro expects a controlled depreciation of the peso, with the central bank intervening to avoid abrupt moves, and the currency approaching the top of the band by 2027. The analysts do not expect JP Morgan's country risk indicator to fall in the short term.

- Date: 2026-11-05 · published 2026-11-05T21:09:18.161Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/82423-fear-of-the-pendulum-what-will-happen-to-the-dollar-and-country-risk-according
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Peso depreciation and Argentina's macro stability affect the export competitiveness of Argentine soymeal and corn and the farm selling pace. Local currency weakness can pressure Argentine export prices, but the story is mainly domestic macro commentary with no immediate global price impact.

## Read by commodity

- USDARS: bullish ▲

## Sources

- lanacion.com.ar: https://www.lanacion.com.ar/economia/miedo-al-pendulo-que-va-a-pasar-con-el-dolar-y-el-riesgo-pais-segun-una-consultora-nid05112026/

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