The Argentine peso strengthened to about 1,350 per US dollar, rebounding from a record low of 1,475 on September 19th after a package of external assurances, fiscal measures and stepped up market intervention reduced dollar demand. US Treasury Secretary Scott Bessent said they stand ready to consider swap lines, direct dollar purchases and other tools to support Argentina, which helped trigger a rally in the peso and in sovereign bonds. Buenos Aires also temporarily suspended export taxes on key agricultural products through the end of October or until a specified exchange rate threshold is reached. The central bank and the treasury intervened in the spot market and used reserve management to smooth liquidity spikes at the top of the trading band, limiting forced selling. Market pricing reflected a reduction in tail risk as international actors signalled willingness to back Argentina while short covering and a retreat from panic selling restored two way flows in local markets.