Overview

• Government dollar sales stretched to a sixth straight session with an estimated $250–$330 million sold Tuesday and at least $1.5 billion over the six sessions.
• Market operators estimate the Treasury has roughly $700 million in dollar deposits left after the recent interventions.
• The central bank is constrained by the IMF’s exchange-rate band of 943–1,484 per dollar and has shifted to alternative tools, lifting FX-futures exposure to about $8 billion near exchange limits and tapping thin BYMA and A3 venues.
• The street rate now exceeds 1,500 pesos per dollar versus about 1,429.5 officially, and futures pricing points to as much as a 60% annual devaluation.
• U.S. Treasury Secretary Scott Bessent pledged engagement with Economy Minister Luis Caputo and central bank chief Santiago Bausili, as dollar bonds slide and a $500 million debt payment in November approaches ahead of the Oct. 26 midterms.