Citi Vende Pesos Argentinos para o Fed em Resgate do Tesouro - Movimento Estratégico Abala Mercados
Banco global executa transação bilionária em moeda sul-americana enquanto governo americano intervém
Operação de Resgate Estruturada
O Citigroup descarregou posições massivas em pesos argentinos diretamente para o Federal Reserve - manobra que revela a profundidade da crise cambial na América do Sul. A transação, orquestrada pelo Departamento do Tesouro dos EUA, representa mais um capítulo na saga financeira argentina que já dura décadas.
Impacto nos Mercados Emergentes
Mercados reagiram com volatilidade enquanto investidores recalibram exposições a moedas emergentes. O real brasileiro e o peso mexicano registraram quedas laterais, demonstrando o efeito contágio de crises regionais. Especialistas apontam para possíveis intervenções coordenadas do FMI nos próximos trimestres.
Porque Bancos Centrais Continuam Salvando Governos Irresponsáveis - porque é mais fácil imprimir dinheiro do que admitir erros de política econômica.
Peso weakens as Bessent pushes rescue deeper
The peso crashed to 1,424 per US dollar mid-session Thursday before a late recovery to about 1,410–1,400 when fresh dollars were offered locally. No one confirmed which institutions stepped in, but traders say the support came just as the panic peaked.
The Treasury’s goal is to absorb dollar demand from households and investors rushing for safety ahead of the October 26 election. Many Argentines don’t believe any level of US funding will stop another brutal devaluation.
Trump’s Scott insists the peso is “undervalued” and is already weighing a plan to double the package to $40 billion through private bank deals.
President Donald Trump said that US support would vanish if Milei’s party loses the midterms, spooking investors who already watched the libertarian’s candidates wiped out in key provincial races.
That message rattled markets that see Milei’s free-market plan as the only economic framework left. “Bessent’s announcements have diminishing marginal returns: each one lasts less and less,” said Ezequiel Asensio, portfolio manager at Valiant Asset Management, who added that: “The market doesn’t believe Bessent, not even with the cash he’s putting in.”
Market disbelief grows as bailout strains system
The Treasury hasn’t revealed the scale of its peso purchases, and traders say each operation sparks only a brief rally before sellers pile back in. Lucio Arrocha, strategist at StoneX, warned that “a devaluation is inevitable” and that a Milei defeat would only accelerate capital flight. “There’s not enough dollars in the country to face the capital flight that will take place,” he said.
For Scott, the drama feels like déjà vu. Early in his career under George Soros, he was part of the 1992 bet that forced the U.K. to abandon defense of the pound, a trade that earned Soros about $1 billion. Now Scott is on the opposite side, trying to prevent a collapse instead of profiting from it.
Javier Timerman, managing partner at AdCap Grupo Financiero, called the comparison a warning shot: “All Argentines, investors and analysts believe the exchange rate has to adjust and that there won’t be economic activity while rates and the exchange rate stay where they are.”
Analysts say the peso still hasn’t dropped enough to match 12 percent inflation since April, leaving it overvalued even after the latest plunge. The official rate is now roughly where the black-market rate was before partial FX-control easing earlier this year.
The US-led buying spree is drying up liquidity inside Argentina, driving loan costs above 100 percent and leaving the government rolling over less than half of its maturing peso debt.
“This can’t go on much longer,” said Miguel Kiguel, a former Argentine finance secretary. “People still think the intervention lasts until the election, and after that no one knows how it continues.”
Want your project in front of crypto’s top minds? Feature it in our next industry report, where data meets impact.
