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According to G1, the statement from the US Treasury boosted stocks, eurobonds and brought relief to the Argentine market after weeks of strong turbulence
The Argentine market experienced a breather after the United States announced that they consider the country a strategic ally and may purchase part of its dollar-denominated debt. According to G1, the signal from the US Treasury led to a significant appreciation of international bonds and the Argentine peso recovering part of its losses.
According to G1, the initiative was presented by Treasury Secretary Scott Bessent, who stated that “all options are on the table” to support Buenos Aires. The measures being considered include swap lines, direct currency purchases, and the acquisition of public debt. The announcement comes after weeks in which Argentine assets had accumulated declines of over 20%, and the local currency was nearing the lower limit of the exchange band.
US Strategic Support and Immediate Impact on Markets
Bessent’s remarks come just before a meeting between Javier Milei and Donald Trump, scheduled for this week.
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The classification of Argentina as a “major systemic ally” in Latin America has opened the door for a rapid appreciation of assets, reducing some of the pressure that had been growing after corruption scandals and the government’s defeat in Buenos Aires.
According to analysts interviewed by G1, the American gesture acted as a “circuit breaker” amid the crisis, allowing the Argentine government to gain time to reorganize its economic policy before the October elections.
The temporary suspension of export taxes on grains until the end of the month also helped reinforce the sense of short-term relief.
Investor Reaction and Recovery Numbers
Immediately after the announcement, an index of Argentine stocks traded in the US rose nearly 12%, while the 2046 bond gained 6.7 cents, reaching 53.85 cents on the dollar.
The peso, which had been under pressure, appreciated by 2% against the dollar, after the Central Bank used over US$ 1 billion in reserves last week to support the currency.
Despite the recovery, the yields on sovereign bonds remain at elevated levels, between 16% and 26% per year.
This reflects the still high perception of risk and the caution of investors regarding Milei’s ability to maintain political and fiscal stability.
Experts interviewed by G1 emphasize that the market is still testing the government’s willingness to adjust its strategy.
Expectations for the Elections and Future of the Argentine Economy
US support, if realized in debt purchases or liquidity swaps, could provide breathing room for foreign reserves and reduce volatility until the elections.
However, analysts warn that the true test will come after October: it will be necessary to assess whether Milei has the political conditions to implement measures that sustain trust.
According to Kathryn Exum of Gramercy Funds Management, cited by G1, US financial support combined with the suspension of export taxes would help manage the current exchange rate structure.
But she highlights that the “willingness and ability of the government to quickly adjust policies after the elections will determine whether there will be a need for restructuring liabilities or new market access in 2026.”
The signal from Washington brought immediate relief but does not eliminate risks.
The Argentine economy now depends as much on the political outcome of the elections as on the effective implementation of fiscal and exchange measures that ensure recovery sustainability.
And you, do you believe that Argentina’s classification as a strategic ally by the US can really change the country’s economic trajectory, or is it just a temporary relief for the markets? What do you see as the main challenge: the October elections or dependence on international reserves? Share your opinion in the comments.
So comunista, que não curte trabalhar nos comentários, RS…..
Quem sabe! a Argentina poderá ser aquele, tão sonhado, 51º Estado.
Pobre povo argentino, vendeu a alma para os EUA, um país que já foi glorioso e nas mãos de um louco. Sinceramente triste com a situação.