The MEP dollar fell by 5.8% and the CCL by 8% following Scott Bessent's announcement, which confirmed US support for Milei's government
The U.S. Treasury left various assistance options open: from swap lines and foreign currency purchases to interventions through the Exchange Stabilization Fund. "Argentina will be great again," stated the secretary, reinforcing confidence in the reforms promoted by Milei.
The collapse of financial dollars adds to the improvement of sovereign bonds, which rose by up to 11%, and the historic drop in country risk, which fell by 21% during the day.
Together, the signals sent from Washington and the local decision to temporarily suspend export duties on agricultural products created an atmosphere of optimism in the markets. The combination of greater external support and domestic measures aims to strengthen financial stability and attract capital to Argentina.
Financial dollars recorded a day of significant decline following the announcements by United States Treasury Secretary Scott Bessent, who reaffirmed Washington's support for Javier Milei's government.
The MEP dollar closed at $1,465.69, with a 5.8% decrease, while the dollar counted with liquidation (CCL) fell by 8%, settling at $1,451.13. This is the largest daily correction in recent months in the financial segment.
Bessent's message, an official from Donald Trump's administration, had an immediate effect on the foreign exchange market. By emphasizing that the United States is willing to "do whatever is necessary" to support Argentina, expectations of increased foreign currency inflows and stability in reserves were consolidated.
