Overview

• Treasury sales set an apparent $1,380 cap in wholesale trading after intraday spikes to $1,450, with Banco Nación’s retail rate closing at $1,400 and private-bank averages near $1,407.
• Parallel quotes pushed higher as the blue closed around $1,445, the MEP near $1,492 and the CCL about $1,538, expanding the spread over the official market.
• Gross reserves fell sharply on the day to roughly $40.4 billion after end‑month moves and about $334 million in payments to the Paris Club, IDB and CAF, while authorities sold about $1.1 billion in September to hold the band.
• The central bank reinstated a 90‑day cross restriction blocking those who buy at the official market from operating in MEP/CCL, a curb that traders say has funneled pressure into financial dollars.
• Hedging demand surged as the October dollar future settled near $1,494 with an implied yield around 100% and heavy volume in futures and dollar‑linked instruments, while President Javier Milei scheduled an October 14 White House meeting with President Trump after public signals of potential U.S. support reported by local media.