Overview

• At a Bloomberg forum, Federico Sturzenegger was quoted saying Argentina would move to a floating exchange rate "very soon," prompting confusion in financial markets.
• The dollar strengthened and liquidity tightened following the initial report, reflecting high sensitivity to perceived policy shifts.
• Sturzenegger later clarified he was not signaling a regime change, saying the current bands widen over time and could allow an orderly transition to float.
• Felipe Núñez, an adviser to Economy Minister Luis Caputo, stated the bands will not be modified before or after the elections, reinforcing prior assurances.
• The episode unfolded minutes before President Javier Milei met President Donald Trump in Washington, and no formal move to a free float has been announced.