Overview

• U.S. Treasury Secretary Scott Bessent said Washington is willing to do what is necessary within its mandate to support Argentina, with stabilization tools such as swap lines and FX or debt purchases cited.
• The government temporarily set export duties to zero on grains and some meats through October 31 to boost dollar supply, with at least 90% of proceeds required to be liquidated within three business days.
• The Banco Nación dollar closed at about $1,430 after roughly $1,515 on Friday, the blue eased to around $1,475, and financial dollars (MEP and CCL) dropped roughly 5%–9%.
• Argentine sovereign bonds and ADRs rallied sharply, driving the risk premium down to about 1,136 after an intraday fall exceeding 300 points.
• The relief follows an aggressive defense of the band, with the BCRA selling about US$1.11 billion over three sessions including US$678 million on Friday, leaving reported reserves near US$39.26 billion.