Overview

• After the announcements, the Banco Nación dollar fell to $1,470 from $1,515 and the wholesale rate moved off the band ceiling after opening near $1,475.
• The blue dollar retreated to about $1,455 from $1,520 as MEP and CCL dropped roughly 5%–9% into the $1,43x–$1,47x range.
• The government temporarily set grain export duties to zero, with reports indicating the pause runs to October 31 or until roughly US$7 billion is liquidated.
• Sovereign bonds rallied up to 11% and the country risk eased by about 100 basis points to near 1,190, with equities also opening higher.
• The BCRA remains committed to defending the exchange‑rate band after selling US$678 million on Friday, with gross reserves reported around US$39.26 billion and stablecoin quotes reflecting the pullback.