Overview

• Wholesale dollar rates fell below 1,400 pesos, with trades reported between roughly 1,348 and 1,365 as the market reversed two days of stress.
• Banco Nación quoted the official exchange at about 1,325 for purchase and 1,375 for sale, extending the prior session’s decline.
• The informal blue dollar eased to roughly 1,425–1,475, while financial rates declined with MEP near 1,366 and CCL around 1,375.
• Argentina’s risk premium dropped to about 1,000 basis points and sovereign bonds rallied, with some issues up as much as 8% and equities gaining up to 5%.
• The shift followed a public U.S. Treasury pledge to support Argentina and a temporary waiver of grain export duties through October 31, with dollar futures also sliding by up to 6%.