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America’s risky bid to make Argentina great again
Treasury secretary Scott Bessent is taking a big gamble with his $20bn swap line to prop up a Trump ally
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ft.com
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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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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
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America’s risky bid to make Argentina great again
Treasury secretary Scott Bessent is taking a big gamble with his $20bn swap line to prop up a Trump ally