Overview

• Banco Nación quotes the official dollar at ARS 1,325/1,375, the wholesale rate hovers around ARS 1,349–1,356, the blue trades at ARS 1,385/1,405, the MEP near ARS 1,409.9, and the CCL around ARS 1,440.1.
• The U.S. Treasury’s peso purchases and activation of a US$20 billion swap line drove a sharp pullback in dollar quotes and lifted assets.
• Gross international reserves rose about US$195 million to roughly US$42,251 million, a move officials largely attribute to valuation gains in currencies and gold.
• Economy Minister Luis Caputo says dollarization is ruled out and the exchange-rate bands will remain, a stance echoed by BCRA director Federico Furiase.
• Markets are steady ahead of the October 26 elections and a Milei–Trump meeting in Washington, with analysts cautioning that current calm may prove temporary as spreads narrow to roughly 4%–7%.