Overview

• The official dollar closed at 1,450 pesos at Banco Nación and 1,424.50 in the wholesale market after a weekly rise of roughly 100 pesos.
• Treasury and BCRA defended the rate with sales near a 1,425‑peso intra‑band cap, with market desks citing orders around USD 200 million and reports of up to USD 1 billion sold over three sessions.
• Gross reserves increased by USD 467 million to USD 42.698 billion as a debt swap shifted dollar‑linked securities to the central bank, adding an estimated USD 7 billion in intervention capacity.
• Economy Minister Luis Caputo traveled to Washington to meet U.S. Treasury Secretary Scott Bessent, with officials signaling possible support via a currency swap of about USD 20 billion and, per the IMF’s Kristalina Georgieva, potential use of U.S. SDR holdings rather than direct cash.
• Parallel and financial rates eased as the blue fell to 1,420/1,440 pesos, the CCL hovered near 1,526 and the MEP near 1,499, while bonds rebounded and country risk moved to about 1,165 points ahead of the October 26 elections.