IBOV 166,191.45 ▼ 0.82% IPC MEX 71,087.56 ▲ 0.38% MERVAL 2,848,945 — — USD/BRL5.52▲ 0.22% USD/MXN18.66▼ 0.49% USD/CLP980.98▲ 0.24% USD/COP3,234▲ 0.20% USD/PEN3.44▼ 0.28% USD/ARS1,545▼ 0.19% USD/UYU40.22▲ 3.24% USD/PYG6,358▲ 8.23% USD/BOB11.81▲ 0.40% USD/DOP60.59▲ 0.48% USD/CRC448.27▲ 1.89% USD/GTQ7.64▲ 3.23% USD/HNL26.87▲ 3.22% USD/NIO36.62▲ 2.77% USD/VES893.88▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.79▲ 2.77% USD/TTD6.65▲ 1.30% EUR/BRL6.15▲ 0.30% BRENT 98.25 ▼ 0.04% WTI 90.91 ▲ 0.43% IRON ORE 161.91 — — COPPER 6.26 ▲ 0.19% GOLD 4,058 ▼ 1.35% SILVER 51.81 ▼ 0.81% SOY 1,190 ▲ 0.74% CORN 440.25 ▲ 0.06% WHEAT 588.50 ▼ 1.79% COFFEE 278.45 ▲ 0.47% SUGAR 18.33 ▼ 1.24% ORANGE JUICE 137.35 ▲ 6.93% COTTON 78.34 ▼ 0.47% COCOA 5,330 ▲ 2.88% BEEF 214.48 ▼ 1.62% CATTLE 325.08 ▼ 2.09% LITHIUM 60.18 ▼ 2.75% PETR4 45.63 ▼ 0.70% VALE3 62.42 ▼ 0.40% ITUB4 40.14 ▲ 0.43% BBDC4 13.88 ▲ 0.80% ABEV3 15.51 ▲ 0.19% BBAS3 16.57 ▲ 0.49% B3SA3 14.36 — 0.00% WEGE3 47.66 ▼ 1.33% PRIO3 61.53 ▼ 0.02% SUZB3 51.16 ▼ 2.16% RENT3 28.70 ▼ 1.27% AZZA3 14.45 ▲ 2.77% CSAN3 2.64 ▲ 5.60% RAIZ4 27.30 ▼ 0.98% PCAR3 2.42 ▲ 1.26% GMAT3 3.83 ▲ 3.23% PSSA3 43.88 ▲ 0.39% CVCB3 0.83 ▲ 1.22% POSI3 3.11 — 0.00% SLCE3 16.32 ▼ 0.18% NATU3 5.28 ▼ 1.31% BRKM5 2.99 ▼ 1.32% RANI3 8.54 ▲ 0.95% CSNA3 4.02 ▼ 0.74% IBOV 166,191.45 ▼ 0.82% IPC MEX 71,087.56 ▲ 0.38% MERVAL 2,848,945 — — USD/BRL 5.52 ▲ 0.20% USD/MXN 18.67 ▼ 0.43% USD/CLP 981.08 ▲ 0.25% USD/COP 3,236 ▲ 0.27% USD/PEN 3.43 ▼ 0.40% USD/ARS 1,545 ▼ 0.03% USD/UYU 40.22 ▲ 3.25% USD/PYG 6,358 ▲ 9.88% USD/BOB 11.81 ▲ 0.40% USD/DOP 60.59 ▲ 0.48% USD/CRC 448.27 ▲ 1.89% USD/GTQ 7.64 ▲ 3.23% USD/HNL 26.87 ▲ 3.22% USD/NIO 36.62 ▲ 2.77% USD/VES 893.88 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.79 ▲ 2.77% USD/TTD 6.65 ▲ 1.30% EUR/BRL 6.15 ▲ 0.30% BRENT 98.25 ▼ 0.04% WTI 90.91 ▲ 0.43% IRON ORE 161.91 — — COPPER 6.26 ▲ 0.19% GOLD 4,058 ▼ 1.35% SILVER 51.81 ▼ 0.81% SOY 1,190 ▲ 0.74% CORN 440.25 ▲ 0.06% WHEAT 588.50 ▼ 1.79% COFFEE 278.45 ▲ 0.47% SUGAR 18.33 ▼ 1.24% ORANGE JUICE 137.35 ▲ 6.93% COTTON 78.34 ▼ 0.47% COCOA 5,330 ▲ 2.88% BEEF 214.48 ▼ 1.62% CATTLE 325.08 ▼ 2.09% LITHIUM 60.18 ▼ 2.75% PETR4 45.63 ▼ 0.70% VALE3 62.42 ▼ 0.40% ITUB4 40.14 ▲ 0.43% BBDC4 13.88 ▲ 0.80% ABEV3 15.51 ▲ 0.19% BBAS3 16.57 ▲ 0.49% B3SA3 14.36 — 0.00% WEGE3 47.66 ▼ 1.33% PRIO3 61.53 ▼ 0.02% SUZB3 51.16 ▼ 2.16% RENT3 28.70 ▼ 1.27% AZZA3 14.45 ▲ 2.77% CSAN3 2.64 ▲ 5.60% RAIZ4 27.30 ▼ 0.98% PCAR3 2.42 ▲ 1.26% GMAT3 3.83 ▲ 3.23% PSSA3 43.88 ▲ 0.39% CVCB3 0.83 ▲ 1.22% POSI3 3.11 — 0.00% SLCE3 16.32 ▼ 0.18% NATU3 5.28 ▼ 1.31% BRKM5 2.99 ▼ 1.32% RANI3 8.54 ▲ 0.95% CSNA3 4.02 ▼ 0.74%
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Friday, November 6, 2026

Latin America Argentina

Argentina’s Power Reset: Milei Seeks Macri’s Machinery to Rescue His Agenda

By · October 1, 2025 · 2 min read

Argentina’s president, Javier Milei, and former president Mauricio Macri have reopened a direct line after more than a year without speaking. The ice broke at the Olivos residence, with cabinet chief Guillermo Francos at the table.

The timing is no mystery: three weeks ago, Milei’s party was beaten in Buenos Aires Province—the country’s most populous—by roughly a million votes, a shock that exposed how hard it is to govern without reliable votes in Congress.

The story behind the story is a tale of overreach meeting arithmetic. Milei rode into office vowing to shatter the old order and proved he could move opinion with a lean team and combative style.

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As inflation began to ease, he acted like he no longer needed the center-right PRO, Macri’s party—even though PRO legislators were frequently the ones supplying the extra votes to keep bills alive. PRO, for its part, felt used: visible when needed, invisible when decisions were made.

The Buenos Aires setback reordered priorities. For Milei, reconciling with Macri offers a path to steadier governance: clearer floor tactics, a few seasoned managers in tricky ministries, and a chance to pass reforms before national legislative elections arrive in a few weeks.

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For Macri, re-engagement is leverage—an opening to shape policy, demand competence in execution, and avoid being blamed for drift if things go south.

Milei-Macri Coordination Key to Easing Policy Gridlock

What to watch now is whether this thaw produces concrete moves rather than headlines. Signs would include targeted cabinet adjustments, a voting protocol on flagship economic bills, and coordinated candidate operations in key districts.

Argentina’s fragmented Congress rewards discipline; even a modest pact could shorten legislative timelines and calm markets.

Why this matters beyond Argentina: policy gridlock or progress in Buenos Aires affects energy projects, food exports, transport corridors, and investor sentiment across the Southern Cone, including Brazil.

A functional Milei–Macri understanding would mean faster, more predictable rules for business and trade. A breakdown would signal renewed volatility—slower decisions, shakier financing, and harder cross-border coordination at a time when the region needs the opposite.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief

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Brazil runoff date: Sunday, October 25, poll closing times and when results start · Brazil runoff polls: Flávio 51%, Lula 49% · Kalshi and Polymarket odds

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