Overview
- Economy Minister Luis Caputo said the exchange-rate band will remain in place regardless of the election result and noted past spikes in dollarization were followed by roughly a 10% pullback in the exchange rate.
- Caputo previewed a tax agenda with a cut to personal income tax and a review of export retentions, speaking after Argentine media reported a roughly US$40 billion US-backed assistance package and a central-bank swap.
- Economist Ricardo Arriazu argued US support hinges on the government securing about one-third of Congress, warning the dollar’s path will depend on the legislative outcome.
- Javier Milei canceled planned campaign stops in Buenos Aires province and shifted focus to a rally in Rosario, leaving Buenos Aires campaigning to congressional candidate Diego Santilli.
- Peru put Lima and Callao under a 30-day state of emergency with police in charge and armed forces support, rolling out prison visit limits and cell blackouts, removal of illicit telecom antennas, identity checks, motorcycle passenger restrictions, and vehicle impounds; in Ecuador, the government suspended agreed dialogue tables with indigenous groups in Imbabura during a nearly four-week strike that has left three dead and hundreds injured or detained.