Overview

• Treasury Secretary Scott Bessent said the U.S. directly purchased Argentine pesos and finalized a $20 billion currency‑swap line with the central bank in coordination with the IMF.
• Argentine assets rebounded after the move, with the dollar closing at 1,420 pesos and New York‑listed stocks and sovereign bonds climbing sharply.
• Sen. Elizabeth Warren requested information from the Managed Funds Association on hedge‑fund involvement and introduced a bill to limit use of the Treasury’s Exchange Stabilization Fund for Argentina.
• Bloomberg Línea reported U.S.-directed operations through major international banks to sell dollars into the market to bolster liquidity under Treasury oversight.
• China’s embassy in Buenos Aires condemned Bessent’s comments about removing China from Argentina as a Cold War mindset, while Milei is set to visit the White House on October 14 ahead of the October 26 legislative elections.