Overview

• Banco Nación closed at ARS 1,360 for sale and ARS 1,310 for purchase, while the wholesale rate ended near ARS 1,337.50 after another sharp drop.
• The blue dollar fell for a third straight session to around ARS 1,400 at the close, a two‑week low, as MEP and CCL eased to roughly ARS 1,376 and ARS 1,396.
• Argentina’s risk premium fell below 900 and touched about 839 basis points as sovereign bonds advanced and ADRs in New York rose as much as about 13%.
• Treasury Secretary Scott Bessent said Washington is negotiating a swap of roughly US$20 billion with Argentina and signaled readiness to buy Argentine debt.
• The rally coincided with the temporary suspension of export duties on grains and some meats and light BCRA intervention, though reserves remain under pressure and final terms of U.S. support are not yet defined.