Overview
- After President Trump’s comments tying U.S. aid to legislative results, the Treasury said it bought pesos in Argentina’s open market and outlined support that could total about US$40 billion.
- By the close, the official dollar averaged ARS 1,408 for sale (Banco Nación ARS 1,405) and the blue finished near ARS 1,450 following wide intraday swings.
- Dollar bonds and Argentine ADRs staged a partial rebound while MEP and CCL eased, as country risk stayed above 1,000 basis points and exchange-rate volatility remained elevated.
- Economy Minister Luis Caputo moved to calm investors, pointing to imminent U.S. investment and trade announcements and reaffirming the band-based foreign-exchange framework.
- Attention turns to rolling roughly ARS 3.9 trillion in Treasury maturities this week, with tight peso liquidity and analysts cautioning that a post-election adjustment of the official rate is possible.