# Caputo rules out devaluation: how the dollar closed on November 5

> Economy Minister Luis Caputo ruled out devaluing the peso in remarks to industrial and economic groups on November 3 and 4, saying a devaluation would impoverish wage earners. The wholesale dollar closed at 1,545.50 pesos on November 5, below the exchange-rate band ceiling; country risk ended at 927 points and reserves were below $50 billion.

- Date: 2026-11-06 · published 2026-11-06T21:13:19.941Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/84916-caputo-rules-out-devaluation-how-the-dollar-closed-on-november-5
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

The government’s stated commitment to the existing exchange-rate band may limit expectations of peso depreciation and curb the local-currency cost of imported feed. That stance is bearish for USDARS, although it does not itself change commodity supply.

## Read by commodity

- USDARS: bearish ▼

## Sources

- informadora.com: https://informadora.com/argentina/economia/2026/11/05/caputo-descarta-devaluar-uia-fiel-bandas-cierre-dolar-5-noviembre-2026/

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