
Gerardo Werthein submitted his resignation as Argentina's Foreign Minister amid mounting tensions within the Libertarian Government's cabinet, just ahead of next Sunday's midterm elections.

The Argentine financial market saw significant intervention by both the Argentine Central Bank (BCRA) and the US Treasury on Tuesday to prevent the wholesale dollar from piercing the ceiling of its official exchange band of AR$1,491. The BCRA sold US$45.5 million in reserves to cap the price.

Argentina's Security Ministry announced Monday the signing of two strategic cooperation agreements with the US Federal Bureau of Investigation (FBI) to combat organized crime and terrorism.

US President Donald Trump replied to farmers from his country by defending his support for Argentina's Javier Milei through substantial financial aid. Argentina is “fighting for its life,” people are “dying,” and the South American nation needs help “to survive in a free world,” insisted the Republican leader.

The United States and Argentina formalized a US$20 billion currency swap agreement just days before Argentina's national legislative elections next Sunday.

Waning retail sales in Argentina, even in the wake of Sunday's Mother's Day celebrations, reflected the country's ongoing crisis just one week before the Oct. 26 midterms, according to a survey conducted by the Argentine Confederation of Medium-Sized Enterprises (CAME).

Despite interventions from the United States Treasury, financial tensions continue to escalate in Argentina just over a week before the Oct. 26 midterms. The wholesale dollar recorded its biggest daily rise on Friday in almost six weeks, closing at AR$1,450, a 3.5% increase. It briefly reached an intraday high of AR$1,475, putting it just 2.5% below the floating band ceiling of AR$1,489.10.

Washington's Ambassador to Buenos Aires, Peter Lamelas, announced big news was on its way, probably regarding a strengthened economic alliance and a trade agreement. His statements were backed by similar comments from Argentina's mission chief in the United States, Alec Oxenford.

According to the 2025 Mercer CFA Institute Global Pension Index, Argentina's pension system ranked 51st out of 52 countries surveyed, while those of Chile and Uruguay stood out in the region. The Netherlands topped the list globally with a score of 85.4 (A rating).

Argentina's financial markets bounced back on Wednesday following an intervention and new statements from US Secretary of the Treasury Scott Bessent after initial fearful trading resulting from US President Donald Trump's conditional endorsement of the South American country.