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Argentine peso weakens to fresh low despite US interventions
Currency gains sparked by estimated $400mn of US purchases melt away ahead of election for president Javier Milei
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ft.com
Argentine peso weakens to fresh low despite US interventions
Currency gains sparked by estimated $400mn of US purchases melt away ahead of election for president Javier Milei
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Trump administration under growing pressure over Argentine intervention
Size of US bailout and support for agricultural rival begin to rankle the president’s political allies
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Why is the US supporting Argentina’s currency?
The Treasury’s intervention holds risks for Washington
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cnbc.com
Argentine peso hits fresh lows despite U.S. support — and it could be about to get worse
The currency reached its lowest level since the U.S. began purchasing it on Oct. 9, and has consistently fallen since then.
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Investors bet on Argentine peso devaluation after weekend elections
Forward contracts indicate a 12% decline for currency despite $40bn US support package
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Milei’s make-or-break moment
US support has helped calm markets, but Argentina’s president is politically weakened as his party faces midterm elections