Argentina Peso Sinks to Record as Traders Brush Off US Aid

BloombergTuesday, October 21, 2025 at 1:22:35 PM
Argentina Peso Sinks to Record as Traders Brush Off US Aid
Argentina's peso has hit a record low, reflecting growing economic instability as President Javier Milei faces increasing pressure ahead of the upcoming midterm elections. Despite attempts by the US to intervene in the markets, traders remain skeptical, leading to a significant sell-off of bonds. This situation is crucial as it highlights the challenges Milei's administration faces in stabilizing the economy and restoring investor confidence.
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