Argentine bonds and currency surge after victory for Javier Milei’s party
Investors bet that electoral endorsement will keep president’s market-friendly reforms on track
Investors bet that electoral endorsement will keep president’s market-friendly reforms on track

Free-market president wins big endorsement for reforms after weeks of financial market turmoil

Doubts return over future of Javier Milei’s controlled exchange rate policy

After sky-high inflation, currency crises and failed reform plans, the country was never going to find a quick fix

US support has helped calm markets, but Argentina’s president is politically weakened as his party faces midterm elections

Midterm vote may determine whether President Javier Milei can end currency crisis and continue free market reforms

Forward contracts indicate a 12% decline for currency despite $40bn US support package