The US administration is backing an ally’s misguided exchange rate policy

President suggests $20bn swap line is contingent on libertarian’s victory in midterm elections

The US president has said a $20bn currency swap with Argentina depended on the success of Javier Milei's coalition.

The US administration is backing an ally’s misguided exchange rate policy

Facility builds on previously announced $20bn swap line as Washington seeks to boost libertarian ally Javier Milei