Overview

• The official wholesale rate held near ARS 1,430 for a third session, with market sources reporting fresh Treasury dollar sales of roughly USD 250–400 million to defend a band ceiling near ARS 1,484.
• Cumulative Treasury interventions over the past several sessions are estimated at about USD 1.35–1.7 billion, leaving dollar deposits under USD 800 million, with some estimates near USD 680 million.
• Financial dollar quotes pushed higher, with MEP around ARS 1,520, CCL near ARS 1,544–1,560, and the blue at ARS 1,460–1,470, widening gaps versus the official rate to roughly 7–9%.
• Argentine sovereign bonds fell up to 2–3% and the country risk was cited around 1,016–1,074 basis points, as real-time tracking was complicated by Argentina’s removal from JP Morgan’s EMBI+.
• Economy minister Luis Caputo’s meetings in Washington with U.S. Treasury Secretary Scott Bessent continued without detailed announcements, with a potential USD 20 billion swap discussed and futures pricing a higher post‑election exchange rate.