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Argentina’s Dollar Quotes Slip as Markets Eye U.S. Swap Signal After MileiTrump Meeting

Investors await formal word on a roughly US$20 billion U.S. Treasury swap that has steadied sentiment.

Overview

  • Key rates on Sept. 24: Banco Nación at $1,335/$1,385, blue at $1,390/$1,410, and wholesale near $1,369.
  • Dólar tarjeta/ahorro trades around $1,800.50, with financial dollars near parity to the blue (MEP ~$1,405; CCL ~$1,415).
  • The wholesale rate fell about 2.8% on Tuesday after the MileiTrump meeting in New York, as bonds rallied and country risk neared 1,000 bps.
  • The central bank stayed out of spot intervention and reported a roughly US$58 million rise in reserves, according to market reports.
  • Scott Bessent has been reported negotiating a U.S. Treasury swap of about US$20 billion, which markets are waiting to see confirmed; regional context shows MXN ~18.3892/USD and PEN 3.5020/USD.