In a remarkable close to a turbulent week, Argentine markets experienced a surge, attributed largely to a multi-billion-dollar boost from agricultural exporters and decisive backing from the U.S. Treasury.

A temporary tax incentive prompted the agriculture sector to pledge $7 billion in exports. Simultaneously, U.S. Treasury Secretary Scott Bessent announced discussions for a $20 billion currency swap deal to fortify the nation's economic stance.

The Argentine Treasury seized this opportunity to acquire $1.745 billion and stabilize the peso, which bounced back significantly, improving market sentiment ahead of crucial mid-term elections.

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