Overview

• The U.S. Treasury said all options for stabilization are on the table, including swap lines, direct currency purchases, and Exchange Stabilization Fund purchases of Argentina’s dollar debt.
• Argentine assets rebounded, with U.S.-listed stocks up over 10%, international bonds gaining more than 6 cents, and the peso strengthening about 2% after recent heavy reserve sales.
• Treasury Secretary Scott Bessent said President Javier Milei will meet President Donald Trump in New York on Tuesday to discuss the situation.
• Argentina announced a suspension of taxes on grain exports through October 31 to bolster the supply of dollars, according to a government statement.
• Foreign Minister Gerardo Werthein said reports of a $30 billion U.S. loan were incorrect and that talks are focused on a much smaller amount.